Trademagazin > News and articles > Market News > In most EU countries, the VAT rate of basic foodstuffs is lower than in Hungary
In most EU countries, the VAT rate of basic foodstuffs is lower than in Hungary
As previously been reported in Hungary, many sectors are lobbying to ensure to be in the scope of the 5 or 18 percent reduced VAT rate, however, very few succeed in tackling these issues. Since the previous Thursday, instead of the former 25, only 5 percent VAT burdens the performances most of the live music instrumentalists and performers.
Debate continues over the enlargement of the discount rate. Beside food, fuel, housing construction and renovation, and commercial accommodation services are among the nominees – reports Világgazdaság Online.
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