BDO: VAT increase, chips-tax – the government follows EU trends

The adjustment measures of the Hungarian government follows the general practice of the European Union (EU), since in the EU, it is becoming increasingly common excise duty on the highest VAT rate, also the introduced special taxes (chips-tax, crisis taxes), and VAT rate increase – in the view of the accounting and consulting firm BDO Hungary's statement sent to MTI on Monday.

As an example, they mention that the average rate increased from 19 to 20 percent in Slovakia, in Poland from 22 to 23, in Great Britain from 17.5 to 20 percent, in Greece and in Portugal, from 21 to 23 percent, while in the Czech Republic the government announced last week the increase of the reduced VAT rate from 10 to 19 percent – reports MTI.