Tag "áfacsökkentés"

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...

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Prices 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...

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Price 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...

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The 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,...

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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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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...

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A 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,...

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A 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...

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They 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...

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Additional 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...

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NGM: 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 –...

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The 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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Pork consumption increased in Hungary

Pork consumption has increased by about 10 percent since 2016 in Hungary, with an annual consumption of 25 kilograms per person – the Minister of Agriculture said in Túrkeve, at...

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Tourism Agency: the VAT reduction of restaurant services serves the wage development

With the new VAT cuts in restaurant services this year, the government would like to make the owners and employers of the restaurants to spend the renmaining money on the...

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The dairy sector calls for VAT reduction and increased controls

By the end of last year, the domestic dairy market has stabilized. The buying-in price of raw milk per kilogram exceeded 100 HUF, and developments have started at several processors....

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The price of fish decreased in the vast majority of shops, due to the VAT reduction

In the vast majority of shops, fish prices decreased by 10 to 15 percent due to VAT cuts – the Managing Director of the Hungarian Aquaculture and Fisheries Interbranch Organization...

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The dairy sector expects full VAT cuts

The domestic dairy industry has stabilized and the domestic dairy industry started to grow – Mélykuti Tibor, Chairman of the Milk Product Council said adding that it would be important...

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Fish sales may increase by fifteen-twenty percent

The VAT cuts can increase the sales of fish by up to 15-20 percent according to the chain of stores, and consumers can buy carp, catfish or salmon on 17-22...

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