Hotel Alliance: the VAT reduction brings never-before-seen opportunity in tourism
Hungarian tourism has an unprecedented opportunity, a new chapter will open on January 1, 2020, when 18 percent VAT on hotels will be reduced to 5 percent, said the president of the Hungarian Hotels and Restaurants Association (MSZÉSZ) said at the at the “Traveler” (Az Utazó) magazine conference on Wednesday in Budapest.
Flesch Tamás emphasized that the government decision will have a significant economic stimulus and will lead to a clearer and more transparent situation in the sector. This government assistance is for the whole profession – he pointed out, adding that, according to impact studies, quality improvements, the associated wage increases and their burden will return the public revenue lost due to VAT cuts in the medium term. (MTI)
Related news
Mátravasút was renewed at a cost of almost HUF 1.2 billion
Mátravasút Gyöngyös-Mátrafüred Mátravasút Gyöngyös-Mátrafüred, the Secretary of State responsible for…
Read more >Many people would get rid of their Balaton holiday home
Around the time of the coronavirus epidemic, many people bought…
Read more >New flights to popular holiday destinations
The agreement between the TUI travel agency and Wizz Air…
Read more >Related news
MSZÉSZ: You can fill out the HOTREC questionnaire until April 8
HOTREC (the umbrella organization of hotel and restaurant associations of…
Read more >(HU) Megint egy Walmart-csokor! – A nap képe
Sorry, this entry is only available in Hungarian.
Read more >(HU) Fagylalt(kiszerelés?) – A nap videója
Sorry, this entry is only available in Hungarian.
Read more >