The VAT on ESL and UHT milk is reduced

From January 1, the sales tax on ESL (longer-lasting) and UHT (ultrapast-pasteurized) milk decreased from 18 percent to 5 percent, according to the approved legislation – the Ministry of Agriculture (AM) announced.

Earlier, the Ministry of Agriculture (AM) said that the ministr expects growth in demand and consumption from the measure, as well as the whitening of the sector and the decline of imported milk.

According to the Ministry of Agriculture (AM), the VAT reduction strengthens the competitiveness of about 100 Hungarian dairy companies in Hungary and abroad. (MTI)