The poultry producers welcome the reduction of VAT
Csorbai Attila CEO of the Poultry Product Council (BTT) considered the announcement of Varga Mihály, Minister of National Economy very favorable for the poultry sector.
According to the Minister of National Economy’s Wednesday announcement, the Value Added Tax on poultry would be reduced to 5 percent next year.
Csorbai Attila told that it would be beneficial both to the entire poultry sector both the consumers, while the budget would lose about 30-35 billion HUF annually – according to preliminary calculations.
Related news
The poultry sector had a difficult year
2023 was a challenging year for Hungary’s poultry industry, as…
Read more >Hungary is an increasingly important player in the meat industry
In recent years, Central European agriculture has emerged as a…
Read more >World Poultry Day: May 10th is a celebration of the poultry industry
On May 10, the poultry industry celebrates World Poultry Day…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >