The NGM would check the price of pork

By: trademagazin Date: 2015. 05. 11. 11:50

The Ministry of National Economy (NGM) will chech whether the 22-percentage-point VAT rate cut will appear in the price of pork or not, and if necessary, will take action – Pankucsi Zoltán, the Deputy Minister of State of the Ministry of National Economy told M1 news channel on Monday.

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Next year, the Value Added Tax (VAT) on pork carcase will be reduced from 27 to 5 percent. The tax measure is only meaningful if the 25 billion HUF budget revenue loss will remain at the consumers and will not be swallowed by the traders – Pankucsi Zoltán added. (MTI)