The food VAT cut is part of a process
The food VAT cut is part of a process that – depending on the performance of the economy – can continue in the future – Nagy István, the Minister of State of the Ministry of Agriculture told MTI on Saturday.
Nagy István reminded that the process began last year when the VAT on pig meat was reduced from 27 to 5 percent and this year , the VAT on fresh milk was reduced from 18 to 5 percent, while the VAT on poultry meat and eggs decreased from 27 to 5 percent – he said. (MTI)
Related news
Food and non-alcoholic beverage price increases continue to accelerate in Austria
In Austria, the annual rate of consumer price inflation slowed…
Read more >Gergely Suppan: the margin freeze has caused prices to drop by as much as 40-50 percent for many foods
The price reduction for many food products has reached as…
Read more >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 >Related news
More than 13 tons of donations were collected at the joint Easter campaign of NOE and CBA
More than 13 tons of donations were collected during the…
Read more >Digital detox during Easter: addictive phone use is a much more serious and widespread problem than we think
The Easter fast is traditionally a time of introspection, renunciation,…
Read more >Cruel April frost damage: up to 100% crop loss possible
The spring frosts in early April once again caused a…
Read more >