The vegetable sector calls for price reductions

The VAT on fruits and vegetables is only 3 percent in Spain and 6 percent in the Netherlands. However, the domestic producers have to face a 27 percent VAT in the ever-increasing competition – agrarszektor.hu wrote. The players in the sector therefore advocate a rapid reduction of tax on the pattern of milk and meat sector.

According to the calculations of the FruitVeB Hungarian Vegetables and Fruit Interprofessional Organization and the Board of Directors, the VAT revenue loss of the budget would be 64.9 billion forints if the VAT level would be reduced from the current 27 to 5 percent. In addition, the organization claims that once this amount remains at the buyers, who would spent it on purchasing other goods. (Tóth Krisztina, agrarszektor.hu)