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
Christmas fish sale at ALDI: up to 30% discount on fresh fish
With its new initiative, ALDI Hungary wants to ensure that…
Read more >Nébih: instead of the outdated fish management IT system, a complex fish management specialist system was created
The outdated fish management IT system has been replaced by…
Read more >The Hungarians and the fish
The AKI Agricultural Economics Institute Nonprofit Limited Liability Company presented…
Read more >Related news
Waves in the company trend – the changing faces of liquidations and company formations
Even with decreasing terminations, decreasing numbers of companies in the…
Read more >IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Domestic businesses are planning cautiously but consciously – VOSZ Barometer business sentiment analysis – Q1 2024
Uncertainty is still strongly felt in the business mood of…
Read more >