From Friday an EU regulation will make pizza and cake more expensive
From the 1st of July a 25 percent VAT should be charged in restaurants after cakes and pizzas – published the tax authority for the request of Pénzcentrum.hu.
If someone takes the products out of the business, the VAT rate remains the preferential 18 percent.
The European Council's regulation will come into force in three days, which determinates the restaurant and catering services.
The preferential 18 percent tax rate would be applied only if product distribution is concerned, however, if the vendor provides the service, the tools and the premise for the consumption of the product, then VAT will be 25 percent – reports penzcentrum.hu.
Related news
Related news
KSH: retail turnover in November exceeded the same period of the previous year by 4.1 percent and the previous month by 0.6 percent
In November 2024, the volume of retail trade turnover increased…
Read more >NGM: Public confidence is apparently starting to return
The government is working to improve the economy so that…
Read more >Fidelity Outlook 2025: The US is ready for reflation
The Republicans’ landslide victory in the November election has significantly…
Read more >