The BDO suggests the development of a progressive tax product schedule in connection to the chips-tax.
The new tax, paradoxically, can have a negative effect on the budget, because if the price increase may result in a 10 percent decline in the consumption inside the product group, that would decrease the VAT.
According to the expert it is a contradiction also, that the fast-food restaurants and pastry shops remain tax exempt. The proposed tax would hit only the pre-packaged goods manufacturers, so at first sight, the classic pastry shops (where there is no pre-packing) seems to remain tax-free, which strongly contradicts the healthy lifestyle driven approach – emphasizes Gerendy Zoltán, the managing partner of BDO.
Related news
Related news
Kroger turns to TikTok for private label inspiration
The grocer is debuting a limited-edition collection of foods inspired…
Read more >Lidl launches nationwide search for Scottish voice of its new self-checkouts
Lidl is all ears as it launches a nationwide search…
Read more >The gap between wages and retail sales growth is widening
Last year, 39% of salaries were spent in retail, which…
Read more >