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
Fluctuating workforce
Every year the Guild of Hungarian Restaurateurs (MVI) publishes its…
Read more >Inspections and fines
Inspections by the National Tax and Customs Administration (NAV) are…
Read more >
More related news >
Related news
Autumn brought a more restrained result in tourism
Following the summer growth, September showed more modest numbers in…
Read more >(HU) Milyen egy profi palacsintázó asztala? – A nap videója
Sorry, this entry is only available in HU.
Read more >The global hotel industry continued to expand in the first half of this year
Compared to the outstanding results of the previous year, the…
Read more >