The vegetable sector calls for price reductions
The VAT on fruits and vegetables is only 3 percent in Spain and 6 percent in the Netherlands. However, the domestic producers have to face a 27 percent VAT in the ever-increasing competition – agrarszektor.hu wrote. The players in the sector therefore advocate a rapid reduction of tax on the pattern of milk and meat sector.
According to the calculations of the FruitVeB Hungarian Vegetables and Fruit Interprofessional Organization and the Board of Directors, the VAT revenue loss of the budget would be 64.9 billion forints if the VAT level would be reduced from the current 27 to 5 percent. In addition, the organization claims that once this amount remains at the buyers, who would spent it on purchasing other goods. (Tóth Krisztina, agrarszektor.hu)
Related news
Hungarian strawberries are already ripening, a good harvest is expected this year
Hungarian strawberries are already ripening in heated and unheated foil…
Read more >We don’t eat enough vegetables and fruits
Based on the latest data provided by Freshfel Europe, Hungary…
Read more >Fruit growers cannot rest completely yet
By the second half of April, the flowering of fruit…
Read more >Related news
Euro zone inflation was 2.4 percent in April as well after March
In line with analysts’ expectations, annual inflation in the euro…
Read more >Gergely Suppan: the recession is clearly over in Hungary
The recession is clearly over in Hungary, from now on…
Read more >K&H: the inflation anomaly is clearly visible, but customers perceive it differently
Although inflation has slowed down a lot, according to the…
Read more >