New VAT cuts to come
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)
Related news
NGM: the Council of the Elderly initiated the expansion of the range of products subject to VAT refunds
The Council of the Elderly has initiated the expansion of…
Read more >NGM: we are fighting against unjustified price increases
The government is constantly working to make families’ money worth…
Read more >NGM: retail turnover took off in January
According to the data of the Central Statistical Office (KSH)…
Read more >Related news
OKSZ: margin is not profit!
The international food retailer member companies of the National Trade…
Read more >Viktor Orbán on Kossuth Radio: traders cannot add more than 10 percent to the purchase price
Traders cannot add more than 10 percent to the purchase…
Read more >GKI Analysis: Why are food prices constantly rising?
In recent times, the rise in the prices of basic…
Read more >