Tag "áfa"

NAV datas in 2019

According to NAV’s 2019 yearbook, the tax authority found problems, mainly due to VAT, but also due to the receipt giving – blokkk.com wrote. Still VAT is the main deficiency,...

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The EU Court of Justice has ruled in a Hungarian VAT case

The Krakvet Polish company offered pet food for sale on its website of a Its customers came from many different countries, including Hungary. The company was informed by the Polish...

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Germany temporarily reduces VAT rates

From 1st July to 31st December 2020, the VAT rate is to be reduced from 19 per cent to 16 per cent and for the reduced rate from 7 per...

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Wolt and 500 restaurants are asking the government to reduce VAT on restaurant supplies

To reduce the serious consequences of the COVID-19 crisis on domestic restaurants, Wolt Food Company asks the Government to assist its restaurant partners with the VAT rate of 27 percent...

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Internet merchants are suspected with several billion HUF tax fraud

An organization involved in e-commerce is accused by the National Tax and Customs Administration (NAV) of damaging 4.7 billion of budget losses by circumventing EU VAT rules, the MTI spokesman...

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The EU Council adopts new VAT rules for e-commerce and small businesses

The Economic and Financial Affairs Council of the European Union (ECOFIN) has adopted new rules to facilitate the detection of VAT fraud in cross-border e-commerce and simplified the VAT rules...

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ÁSZ: a careful assessment is needed before the VAT reduction

The most recent analysis of the State Audit Office (ÁSZ) is about the impact of VAT reductions on the sustainable whitening process. The Central government’s tax revenues increased by about...

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VAT on feminine hygiene products can be reduced in Germany

VAT on women’s hygiene products can be reduced in in Germany – the Federal Parliament (Bundestag) approved a proposal on Thursday. Legislation on the reduction of VAT on menstruation-related products...

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European Commission: VAT losses has been reducing in EU countries for years

The difference between the calculated and the actual amount of VAT collected has been decreasing for years, reaching 137 billion euros in EU countries in 2017 – the European Commission...

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Mazars: the collection of consumption taxes to be tightened in the CEE region

Consumption-type taxes remain the most important, and therefore their collection to be tightened in the Central and Eastern Europe region, and recovery in Hungary is sufficiently effective – Mazars International...

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VAT on organic food was reduced to five percent in Romania

In Romania, the minimum VAT rate on food products classified as traditional products and organic foods and on traditional non-alcoholic beverages is reduced to 5 percent. According to Prime Minister...

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Beer Association: premium beers are becoming more popular

Although only a small increase occured in the quantity of beer sold last year, the income of the members of the beer association has increased much more, because beer drinkers...

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The VAT on ESL and UHT milk is reduced

From January 1, the sales tax on ESL (longer-lasting) and UHT (ultrapast-pasteurized) milk decreased from 18 percent to 5 percent, according to the approved legislation – the Ministry of Agriculture...

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Hotel association: negotiations over the modification of the VAT on room lending

Intensive discussions are taking place with the government in order to modify the VAT rates of hotel room sales. The reduction would contribute to the bleaching of the sector and...

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Romania will introduce a reduced VAT for tourism services

The Romanian government has decided to introduce a reduced 5 percent VAT for tourism services from 1 November – Nelu Barbu, government spokesman announced. In Romania, the general VAT rate...

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NAV: significantly bleached the economy by introducing online cash registers

The online billing launched from 1 July also aims to bleach the economy and reduce tax evasion. This is supplemented by NAV’s free Online Billing System, which can also be...

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Import UHT milks can disappear from the domestic stores

The National Chamber of Agriculture (NAK) held a dairy consultation with the participation of milk producers, processors, retailers and retail chain of stores on 5 July 2018 in Budapest. The...

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Mazars consumption-type taxes have an increasing role in the region

Governments in the region are increasingly relying on consumption-type taxes. There is a large dispersion in corporate tax rates, and the way in which the tax base / tax is...

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The tax speedcam has flashed

Based on the recent report of the tax authority, it is assumed that the recently introduced tax speedcam has become a success – blokkk.com wrote. Of course, not everyone is...

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The European Commission has proposed amending the VAT rules and alcohol tax

The European Commission has proposed a modification of the rules on value added tax (VAT) and the reform of EU rules on excise duties on alcohol – the EU commission...

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Pork consumption increased as a result of VAT cuts

Pig meat consumption increased by about 2.2 kg per capita in Hungary per person according to the data of the Central Statistical Office (KSH). The increase in consumption is mainly...

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The European Commission has proposed a single VAT area

The European Commission has proposed new rules for the creation of a single EU VAT area, in order to decisively reduce the VAT frauds amounting to 50 billion euros a...

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Turkey Association: stable situation in the sector, reduced buying price

The position of the turkey sector is stable, sudden price movements are unlikely. The price of live turkey was lowered by 8-10 forints per tonne, compared to last year to...

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VAT cut – reloaded

In the last 2 years the VAT on basic food products such as eggs, pork and poultry was reduced, but internet service’s VAT also became lower than the earlier flat rate of 27 percent....

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Brussels’ VAT return: 150 billion euros losses due to VAT frauds

At the beginning of October, the European Commission (EC) presented a reform plan for the EU VAT law, the main objective is to reduce the scope of VAT frauds and...

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VAT and its effects

When the new VAT rates were introduced in January, many thought that the 5-percent VAT on poultry, fresh milk and eggs would result in a market restructuring, e.g. consumer demand will increase for these products,...

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The highest VAT is in Hungary in the region

All countries in the Central and Eastern European region focus on traffic and consumption taxes. While VAT is the highest in Hungary, but at the same time the corporate income...

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Bathing Association: It is essential to reduce VAT on bathing services

For the international competitiveness, it is essential to reduce the VAT on bathing services of the Hungarian baths from the current 27 percent to 18 percent from the next year....

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Fish can be cheaper in stores

The Ministry of Agriculture (FM) initiates a VAT reduction for fish, because the measure would whiten the sector and would contribute to double the consumption of fish in a few...

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VAT decreased to 19 percent in Romania

The value added tax was reduced by further one percentage point, from 20 to 19 percent in Romania from Sunday. The one percent special tax on industrial buildings and the...

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