More changes in NETA rules from March
As of 1 March 2023 the government added a third exemption from the public health product tax (NETA) payment obligation: for products sold in the domestic market, which the buyer uses to make its own product on which the tax is levied and NETA is duly paid.
The previous two exemptions applied to NETA subject products sold either as ingredient or ready-made product outside of Hungary, but in the European Union. Owing to the new regulation, production costs become lower. The Hungarian Chamber of Agriculture (NAK) welcomes the easing of NETA rules. It must be noted though, that the exemption only applies if the buyer makes a declaration in advance and reports on meeting the criteria afterwards. //
Related news
Fresh Hungarian sweet corn is delicious both baked and boiled
Sweet corn is one of the hit vegetables of the…
Read more >Nature is in a hurry: the berry season starts earlier
As a result of this year’s warm winter and mild…
Read more >Domestic berry fruit cultivation could be saved
Even though there is a demand for berries from consumers…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >