Is the Hungarian government profiteering from the VAT on utility bills?
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Opposition politician István Újhelyi says the Hungarian government does not defend the reduction in the VAT on utility bills. In fact, Fidesz is even profiteering from the VAT rate on utility bills, the Socialists politician said.
Gas and electricity prices to rise
As we have reported, the Hungarian government will increase the price of gas and electricity above a certain threshold. The price of the former will increase sevenfold, while the latter will double. As you can read in our previous article, Hungary still has some of the cheapest electricity and gas prices in Europe.
However, István Újhelyi, a politician from the opposition Socialists, believes that Fidesz is profiteering from the VAT on utility bills, writes népszava.hu. “After twelve years of continuous, unlimited power, it would not be such a luxury for the government to be honest, or at least not to mislead the Hungarian,” Újhelyi wrote in his Facebook post.
According to the Socialist politician, the central issue for Fidesz is the protection and representation of families and the Hungarian people. But these are just words, and in reality, the government is deceiving them. According to Újhelyi, this is also the case with the energy bill reduction.
I am a V. Orban supporter in his Europe ‘behaviour’ but the VAT rate in Hungary is a shame if not a crime towards the poorest citizens. It should be reduced immediately to 15-20% Max (except luxury products). Food should be taxed 5% !
Of course the government is profiteering. There’s no justification in having 27% VAT.