FM: The year starts with a VAT reduction in the food industry
From January, a further VAT reduction is taking place in the food industry.
Nagy István, the Parliamentary Minister of State of the Ministry of Agriculture (FM) told M1 news channel that the measure affects two major product lines. In the case of pigs, the VAT on slaughterhouse by-products and will be reduced to 5 percent, and the tax on fish for consumption will also be reduced to this level. According to Nagy István, the measure supports the Hungarian producers. (MTI)
Related news
Margin freeze versus VAT reduction: a solution to inflation or a field for political debate?
The government has been implementing a margin freeze since mid-March,…
Read more >VAT on gluten-free breads reduced in Spain
Following a ruling by the Supreme Court in Spain, the…
Read more >A Hungarian consortium is working on a new viral therapy innovation against swine flu
A Hungarian consortium is working on a new viral therapy…
Read more >Related news
Márton Nagy: the government would introduce margin restrictions for stores selling household goods
The government may discuss on Wednesday and is expected to…
Read more >More expensive Barbie, thinner Heinz – Trump’s tariffs redraw the global consumer market
The impact of Donald Trump’s tariff policy is affecting more…
Read more >Almost 20 percent cheaper food? The government is satisfied with the results of the margin reduction
“Thanks to the margin reduction, more and more products can…
Read more >