Trademagazin > News and articles > Market News > The black market turnover can reach one thousand billion HUF in the food economy
The black market turnover can reach one thousand billion HUF in the food economy
The illegal goods can even take up half of the total vegetable and fruit turnover. According to the profession; the intermediary trading declines, the most of the blck money comes from VAT concealment.
We do not ask for a bill, so both will pocket 25 percent of the VAT and for second, average sale price becomes much lower, and the retailers can compete the offers of the discounts of the large chains. In Hungary the VAT in this sector is 25 percent, while this ratio is only 10 percent in Poland – reports Népszabadság Online.
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