The Ministry of Finance proposes decreasing milk VAT and increasing public health product tax

The Ministry of Finance has submitted its bill on tax changes for next year – Varga Mihály Finance Minister informs.

In line with the government’s goal of charging the most important foodstuffs with the lowest possible tax, next year, after the poultry meat, pork, fresh milk and eggs, another basic food tax will be reduced: the UHT and ESL milk VAT rates will be in the lowest – five percent – category. With this modification, families can save 20 billion HUF. (origo, MTI)