A general VAT reduction is possible in the long run
Varga Mihály, Minister of Finance also spoke about the government’s long-term tax plans in the interview with Világgazdaság. Among these, he mentioned that the government would like to reduce the 27 percent general VAT rate, but only in the long run – portfolio.hu wrote.
Cautiousness is not only the characteristic of the conservative budget policy, but the Hungarian government wants to prepare for the slowdown of the world economy and the escalation of commercial wars with the economic protection action plan, the minister said. (portfolio.hu)
Related news
Mihály Varga: from the point of view of sovereignty, the development of the food sector is crucial
From the point of view of Hungary’s sovereignty, the development…
Read more >Mihály Varga: the prospects for the Hungarian economy are favorable
The prospects for the Hungarian economy are favorable, economic growth…
Read more >Why did the VAT on cottage cheese in Rudi decrease?
The reduction in the Rudi VAT on cottage cheese next…
Read more >Related news
Seven trends shaping in-store marketing and retail design in 2024
Smart brands know that in-store marketing and store design can…
Read more >2024 is a year of challenges for the tobacco industry and retail
Annual tobacco retail sales are expected to have increased in…
Read more >The latest issue of Trade magazine is out now!
The digital version is available with more content once again,…
Read more >