Riyadh September 5, 2022:

The Zakat, Tax and Customs Authority (ZATCA) signed a Memorandum of Understanding (MOU) on tax administration with the Hungarian National Tax and Customs Authority. The MOU was signed by His Excellency the Governor of ZATCA, Eng. Suhail bin Muhammad Abanmi and Mr. Ferenc Fagogeli, Minister of State at the Ministry of Finance and Commissioner of the National Tax and Customs Authority of the Republic of Hungary.

The memorandum includes a general framework for cooperation in the field of tax administration between the two countries. It also discusses ways for cooperation in a number of fields notably in digital solutions, and review of experiences of both sides in tax applications.

This memorandum comes within the framework of the Authority’s endeavor to strengthen its strategic relations at the international level for upgrading tax system and its services.

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