Majority of Hungarians support government’s crackdown on black economy – SURVEY

Budapest, August 16 (MTI) – The vast majority of Hungarians support the government’s crackdown on the shadow economy but many do not consider the infrastructure needed to tackle grey and black markets sufficiently developed, a survey released by the Nézőpont Institute on Tuesday showed.

Fully 59 percent of the survey’s respondents said they typically encounter tax avoidance when paying for household repair and maintenance services, such as plumbing, building work or cleaning. This generally entails failure to receive invoices and receipts.

Nézőpont found that retail outlets fail to provide customers with receipts 53 percent of the time while hospitality and catering outlets fail to give receipts 19 percent of the time.

The survey revealed that most people consider the use of electronic payment systems effective in tackling fraud. Fully 88 percent of respondents said they were satisfied with the electronic payment opportunities available to them.

[button link=”https://dailynewshungary.com/economy-ministry-mulls-payroll-tax-reduction/” type=”big” color=”red” newwindow=”yes”] ECONOMY MINISTRY MULLS PAYROLL TAX REDUCTION[/button]

Domestic purchases made with electronic cards grew by 22.1 percent in Q1 this year compared with the same period in 2015, according to central bank data.

Fully 79 percent of Nézőpont’s respondents said they regularly pay by bank card in supermarkets or shopping malls. However, only 36 percent tend to pay by bank card in convenience stores and 21 percent in the hospitality sector.