Food VAT will only increase in the case of 1-2 basic food

By: trademagazin Date: 2010. 10. 26. 14:06

Czerván György the Secretary of the Ministry of Rural Development (VM), said that the ministry wanted to reduce the VAT of meat and bread, milk, sugar and cooking oil by 5 percent.

Czerván György told to Magyar Nemzet That the VAT reduction is not included into next year's budget plan, because the government now focuses on the main priority; the introduction of the uniform 16 percent personal income and corporate taxes and the reduction of other smaller taxes. He added, that the ministry has not given up hope that they can reduce the VAT in the case of 1-2 basic foods – reports ProfitLine.hu.

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