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
Who do you think deserves the Gundel Award in 2024?
In memory of the work of the restaurateur and gastronomy…
Read more >MVI’s statistical situation report on catering is now available
Every year, the Magyar Vendéglátók Ipartestülete (MVI) publishes its statistical…
Read more >
More related news >
Related news
With a new partner, Primark is improving its colleagues’ training in circular design
The international fashion retailer Primark is launching a training program…
Read more >Szallas.hu: many people travel to Lake Balaton on the long weekend of August 20
Every third traveler rests on Lake Balaton during the four-day…
Read more >Will airbnb-type accommodations be banned in Budapest? Tightening is coming
The regulation of short-term housing rentals in Budapest is back…
Read more >