New VAT cuts to come

By: trademagazin Date: 2016. 04. 13. 11:55

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The Ministry of National Economy sent its 2017 budget draft to the Budget Council on Wednesday. Varga Mihály told MTI that next year's budget will be the budget of tax cuts and home-making.

Varga Mihály announced the VAT rate cut in the case of poultry, milk and eggs. The VAT on these products can be 5 percent. In addition the Value Added Tax on Internet usage and restaurant services to be moderated as well. (MTI, portfolio.hu)