The highest VAT is in Hungary in the region
All countries in the Central and Eastern European region focus on traffic and consumption taxes. While VAT is the highest in Hungary, but at the same time the corporate income tax is the lowest – according to the Mazars CEE TaxGuide 2017 of the Mazars International Auditing and Consulting Company.Í
The publication presents the tax environment of 19 countries (including the Visegrád countries, Greece, Russia, Ukraine, all former Yugoslav successor states, Albania and the Baltic states).
H. Nagy Dániel, senior tax manager at Mazars, said at the press conference that the VAT in the majority of the countries is between 19 and 22 percent, and although several products were included in the preferential rate, the highest VAT rate can be found in Hungary: 27 percent. (MTI)
Related news
Solutions to soaring food prices: opposition proposals to reduce VAT and special taxes
In recent months, the debate over the drastic increase in…
Read more >VAT on gluten-free breads reduced in Spain
Following a ruling by the Supreme Court in Spain, the…
Read more >Croatian Entrepreneurs’ Association calls for uniform reduction of VAT on food
Due to excessive price increases, the Croatian Entrepreneurs’ Association (UGP)…
Read more >Related news
Margin is very much not profit
The government announced that it would introduce a margin cap…
Read more >Margin freeze in Hungary: Who is affected and is government intervention really justified?
The Hungarian government will introduce a margin restriction on certain…
Read more >China’s retail sales skyrocket in the first two months of the year
China’s industrial output grew 5.9 percent year-on-year in the first…
Read more >