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Hungary Lowering VAT On Food | Hungarian Chamber of Commerce

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Hungary Lowering VAT On Food

Author: HA | February 13. 2018.

by Ulrika Lomas, Tax-News.com, Brussels

The Hungarian Government has said that it will continue its policy of reducing rates of value-added tax on various foodstuffs in 2018 to boost domestic agriculture and reduce food prices. The Ministry of Agriculture said in a recently published statement that additional VAT cuts on food will follow up those introduced on January 1 this year, when VAT on pork offal and by-products and fish was reduced from the standard rate of 27 percent to five percent. More...