Trademagazin > News and articles > Market News > Cereals and oilseeds may be taken under the reverse VAT
Cereals and oilseeds may be taken under the reverse VAT
It is expected that cereals and oilseeds will be inserted into the reserved VAT category – announced the Ministry of Rural Development.
The Communication recalls that within the cereal sector the black economy is estimated at 30 percent, so the government launched an investigation over foods burdened by VAT. Currently there is no possibility to reduce the value added tax, because of the economic situation, so the government thinking in a technical solution – reports MTI.
Related news
More related news >
Related news
The GKI business climate index decreased slightly in July
According to a survey by GKI Economic Research Ltd. –…
Read more >We are using up the Earth’s resources today, and there is something deeply embedded in this that we don’t even think about.
This year, July 24th is global Overshoot Day, or Overconsumption…
Read more >The price of bread is rising unstoppably – and with it everything from the bakery
Bread is a staple on the table of Hungarian families,…
Read more >