Tag "áfacsökkentés"
Why did the VAT on cottage cheese in Rudi decrease?
The reduction in the Rudi VAT on cottage cheese next year was revealed in the draft of the 2024 tax package. The proposal would amend the VAT Act, so that...
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The MSZP urges a VAT reduction for food and energy services
The MSZP urges the reduction of the general sales tax (VAT) on food and energy services to five percent. László Varga, the deputy president of the MSZP, said at a...
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Coop 365discount Urges Danish Government To Cut VAT On Fruit & Vegetables
Danish retailer Coop 365discount has urged the country’s Minister for Food, Agriculture and Fisheries, Jacob Jensen, to reduce VAT on fresh fruit and vegetables. The retail chain, which is part...
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Gergely Gulyás: The VAT reduction of food items did not come up
At Thursday’s government briefing, Gergely Gulyás said that the VAT reduction did not arise, which otherwise significantly lowered inflation in Croatia. And the reason for this is that, according to...
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The VAT reduction in our southern neighbor really depressed food prices
In Croatia, the government reduced the VAT on basic foodstuffs by 8 percent, so even with the price cap, it costs almost half as much to prepare a french fries...
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VAT reduction and the flexitarian diet were the topics at the Plant-Powered Perspectives conference
This year, the Plant-Powered Perspectives conference, a professional meeting for plant-based food manufacturers, catering businesses and civil organizations, was held in Hungary for the second time. One of Danone’s best-known...
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Poultry farmers are in trouble
They are asking for government help: wage and contribution subsidies and 5 percent VAT – privatbankar.hu wrote. This year, the Hungarian poultry sector was hit by three blows, in which...
Read morePrices in German online retail stores did not include reduced VAT
Online retail stores in Germany hardly pass on reduced VAT to their customers as part of the business package, according to a survey conducted by the Idealo comparison portal for...
Read morePrice war broke out in Germany
Aldi and Lidl have started a new price war – privatbankar.hu wrote, after the German press. The government cut the value-added tax (VAT) from July 1 due to the coronavirus...
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Spring pork meat consumption campaign launched
Until August 2020 the Ministry of Agriculture, the Agricultural Marketing Centre, the Livestock and Meat Interprofessional Organisation and Marketing Board and the Hungarian Meat Industry Federation are implementing a campaign...
Read moreThe Pálinka Knight Order would offset neta’s traffic-reducing effects with VAT cuts
Last year, the sales of pálinka fell by about 60 percent as a result of the introduction of the public health product tax (neta), and the Hungarian Pálinka Knight Order,...
Read moreÁSZ: 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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Opten: Hungarian fish farming has started to grow
Following the downturn in 2017, the number of fishing and fish farming businesses has increased as the main activity started to grow last year, while the sector’s total net sales...
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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...
Read moreA general VAT reduction is possible in the long run
Varga Mihály, Minister of Finance also spoke about the government’s long-term tax plans in the interview with Világgazdaság. Among these, he mentioned that the government would like to reduce the...
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VAT reduction on milk resulted in cheaper milk
As a result of the VAT reduction on milk, fresh milk is now 4-5 percent cheaper than before. The VAT reduction of the UHT and ESL milk in January this...
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Milk prices can rise in the second half of the year
In the first days of January, UHT and ESL milk became cheaper in stores by about 11 percent, according to a survey by the Milk Product Council – Istvánfalvi Miklós,...
Read moreA significant food price increase may come
Despite the VAT cuts, a price increase of more than 10 percent is likely to occur in food prices – penzcentrum.hu wrote. The rise is due to the rise in...
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The VAT on long-lasting milk will be reduced next year
Next year, the VAT of another basic food, the VAT on long-lasting milk (UHT, ESL) will decrease, which can partly be reflected in retail prices and increase traders’ margins –...
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Poultry can be more expensive
The rise in production costs on poultry meat justifies price increase – the Magyaridok.hu quotes the Poultry Products Board. According to the profession, it is questionable whether the supermarket chains...
Read moreThey call for the VAT reduction of draft beer at the conference of breweries
The Hungarian beer market is growing both in quality and quantity. The annual consumption is 63-64 liters per capita – Világgazdaság Online wrote. The Federation of the Hungarian Beer Manufacturers...
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Taxes on accommodation services may be reduced
The high 18 percent Hungarian VAT rate undermines the profitability of market participants, but according to a new government decision VAT could be reduced on the domestic accommodation market. Könnyid...
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NAK President: there are still reserves in Hungarian agriculture
“The Hungarian agriculture had successful years, but there are some sectors where there are still big reserves” – the chairman of the National Chamber of Agriculture (NAK) told at the...
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Lower VAT on baked goods would foster technological development
The Hungarian Baker Association welcomes the fact that important representatives of the industry are in favour of cutting the VAT on baked goods to 5 percent. Bakers say they would use...
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Baker’s Association: decisive industry leaders support the reduction of VAT on bakery products to 5 percent
The Hungarian Baker’s Association has been advocating it for years to reduce VAT on bakery products. The organization welcomes the fact that key industry representatives and leaders support the plan...
Read moreAdditional VAT cuts and increased efficiency are needed in the food industry
The food industry operators felt greater government attention between 2014 and 2018, but the performance of the sector is still below EU competitors. Professionals say that without the development of...
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MKIK proposes five percent VAT on flour and bread
The comprehensive economic policy proposal of the Hungarian Chamber of Commerce and Industry (MKIK) has been prepared for the government – Parragh László confirmed to mfor.hu. The president of the...
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The vegetable sector calls for price reductions
The VAT on fruits and vegetables is only 3 percent in Spain and 6 percent in the Netherlands. However, the domestic producers have to face a 27 percent VAT in...
Read moreNGM: several factors are influencing the growth of consumption
In addition to the increase in the number of employees and real wages, the VAT cuts on individual product groups also have an impact on the increase in consumption –...
Read moreThe NAK urges the continuation of VAT cuts
The Food Processing National Department of the National Chamber of Agriculture considers the continuation of the VAT reduction of foodstuffs as one of the most important objectives. The Food Processing...
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