Following the stolen twenty billion HUF meat VAT

By: trademagazin Date: 2013. 11. 11. 13:10

The government decided to reduce VAT on pork . The Value Added Tax of live-and half-carcased pigs will be reduced to 5 percent, from the current 27 percent from 1 January 2014.

sertesekThis means that only the producer price of the raw material and the semi- processed raw material will decrease, but the meat product and the processed raw meat product remains in the 27 percent Value Added Tax range, so consumers still have to pay the full VAT, although due to the indirect effects, the tax reduction will likely to be felt for them as well. (by our colleague)

Related news