The VAT rate discount for restaurants brings over 10 billion
Locally prepared food and non-alcoholic beverages are subject to 5% VAT when taken away or shipped. VAT on freight has not decreased, nor has the 27% key for workplace hospitality. Caterers can win HUF 12 billion if they keep a third of the previous markets.
From 14 November, the rate of value added tax will be reduced to 5% for food and beverage sales sold for take-away or home delivery, in the case of so-called restaurant catering, as defined in the VAT Act. However, this does not apply to shipping charges. And 27% VAT on workplace hospitality has stayed where it used to be.
Related news
Solutions to soaring food prices: opposition proposals to reduce VAT and special taxes
In recent months, the debate over the drastic increase in…
Read more >VAT on gluten-free breads reduced in Spain
Following a ruling by the Supreme Court in Spain, the…
Read more >Croatian Entrepreneurs’ Association calls for uniform reduction of VAT on food
Due to excessive price increases, the Croatian Entrepreneurs’ Association (UGP)…
Read more >Related news
The European Commission has proposed to strengthen the competitiveness of the EU wine sector
The European Commission is proposing measures to improve the competitiveness…
Read more >NGM: government will preserve the purchasing power of pensions, pensioners will receive an additional increase of an average of HUF 39,600 in November
The government is committed to providing stable and predictable living…
Read more >Based on employment data, Hungary is among the leaders in Europe
According to the data of the Central Statistical Office, in…
Read more >