Trademagazin > Horeca > The catering industry will not decrease the turnover of food delivery due to the VAT change
The catering industry will not decrease the turnover of food delivery due to the VAT change
According to the president of the Hungarian Catering Industry Association (MVI), the discounted 5 percent VAT rate on food delivery and removal will most likely not cause a decrease in turnover from August 1.
Kovács László told MTI: the measure introduced at the suggestion of MVI last November – the reduced VAT – had a very positive effect on turnover, the remaining amount could be spent on wages by businesses during the difficult period. According to the President, the move has largely lived up to expectations and no significant decline is expected due to established consumer habits. (MTI)
Related news
Reconsidered service charges
Trade organisations welcomed the decision of the Ministry for National…
Read more >The biggest celebration of the trade
Just like in former years, the Guild of Hungarian Restaurateurs…
Read more >
More related news >
Related news
2024 is the new record year for domestic tourism
Surpassing the outstanding 2023 result by almost 11%, more than…
Read more >Hungarian tourists in Croatia set another record year
In line with the third consecutive year of increasing numbers,…
Read more >Samsung to showcase refrigerators with AI Hybrid Cooling technology at CES 2025
Samsung will be showcasing its latest refrigerators featuring AI Hybrid…
Read more >