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
More than 13 tons of donations were collected at the joint Easter campaign of NOE and CBA
More than 13 tons of donations were collected during the…
Read more >Digital detox during Easter: addictive phone use is a much more serious and widespread problem than we think
The Easter fast is traditionally a time of introspection, renunciation,…
Read more >Cruel April frost damage: up to 100% crop loss possible
The spring frosts in early April once again caused a…
Read more >