Pork: monitoring system monitors the effects of the VAT reduction

The Ministry of Agriculture (FM) is operating a monitoring system to check whether the result of the VAT reduction in January will result in cheaper pork in stores – agrarszektor.hu wrote.

From the beginning of the year, the Value Added Tax (VAT) on pork decreased from 27 percent to 5 percent, which will lead to a 17 percent drop in meat prices on the market. However, the agricultural ministry examines not only consumer prices but also on how the tax reduction will affect the black economy. (agrarszektor.hu)