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
Once again about the service charge
The Guild of Hungarian Restaurateurs (MVI) has updated its information…
Read more >Ceremony at the Gundel memorial plaque
The Guild of Hungarian Restaurateurs (MVI) celebrated the birthday of…
Read more >1% for you, a chance for the trade!
You can help representing the interests of the trade by…
Read more >
More related news >
Related news
Tokaj announces art competition with a total prize of ten million forints
Tokaj is announcing an art competition with a total prize…
Read more >Heat from deep below: Hungarian geothermal energy is an untapped treasure
Although Hungary has excellent geothermal potential, thermal heat currently accounts…
Read more >