VAT reduction would be favorable for the bakery industry
It would be beneficial for the bakery industry if the Value Added Tax (VAT) on bakery products would be reduced, according to the proposal of the National Chamber of Agriculture (NAK). The sector would be whitened and the situation of the Hungarian-owned enterprises would be improved – the Hungarian Brewery Association told MTI on Monday.
The announcement quotes Septe József, the chairman of the alliance, who said that if the VAT on bakery products would be reduced it would be favorable for the legitimate taxpayers, it would increase their turnover, so the budget revenues would not fall. (MTI)
Related news
Hungarian strawberries are already ripening, a good harvest is expected this year
Hungarian strawberries are already ripening in heated and unheated foil…
Read more >
Displacing the voles and the invasive plant is a challenge at the same time
In the last hundred years, February and March have been…
Read more >
NAK organizes a professional day and market presentation focusing on farmers’ markets
The National Chamber of Agrarian Economy and the Corvinus University…
Read more >Related news
KSH: retail turnover increased by 4.2 percent compared to the same period of the previous year, and by 2.0 percent compared to the previous month
According to raw data, the volume of retail sales in…
Read more >
Significant increase in retail trade – sector outlook
In March, retail sales volume increased significantly by 2% compared…
Read more >
NGM: the recovery of consumption is becoming more and more dynamic, retail turnover increased by 4.2 percent in March, which means that consumption has increased for three consecutive months
Based on the latest data from the Central Statistical Office…
Read more >
