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
Industrial production has decreased in Hungary: the NGM urges the reduction of German dependence
According to the latest data of the Central Statistical Office…
Read more >NGM: Consumer Protection Council meeting for the protection of consumer rights and the effectiveness of the domestic consumer protection institutional system
The Ministry of National Economy (NGM), which is responsible for…
Read more >Egg prices remain lower than a year ago
According to data from the European Commission, the packing point…
Read more >Related news
The benefits of ESG are slowly emerging
The number of people interested in the new ESG regulation,…
Read more >The latest issue of Trade magazin is out now!
This time the digital version has been extended to 184…
Read more >Industrial production has decreased in Hungary: the NGM urges the reduction of German dependence
According to the latest data of the Central Statistical Office…
Read more >