Demján: 200-250 billion HUF will fall out of the budget due to the Sunday store closure

According to the executive Chairman of the National Association of Entrepreneurs and Employers (VOSZ), it is expected that 200-250 billion HUF less revenue will flow into the budget due to the Sunday store closure, the decline in the number of employees and due to the loss in VAT.

Demján Sándor at Tuesday's press conference held on the occassion to present the details of the referendum initiative against the Sunday store closure explained that the sales of trade bring five times as many profits to the state than industrial production. The industry is working with an average of 5 percent profit, while the 27 percent Vat in trade is more than that – he said. He added that if revenues will fall out of the budget, they must be replaced with new tax comes such as the toll or the tax on solar panels. (MTI)