Socialists expect Hungary to become target for VAT fraudsters
Budapest (MTI) – Hungary could become a target for VAT fraudsters unless the government reduces VAT on food, the opposition Socialists said on Sunday.
The party’s steering board member Karoly Beke told a press conference that thousands of Hungarians living near the borders regularly shop abroad to avoid the 27 percent Hungarian VAT, which is the highest in Europe, and the Sunday shopping ban introduced in March. This will be even more common after June when Romania reduces VAT on food from 24 percent to 9 percent and Hungary will be the only central European country where VAT on food is over 20 percent.
He said the government should support the Socialist proposal to reduce VAT on food to 5 percent. This would reduce budget revenues by 120 billion forints (EUR 395.3m), he added.
Source: http://mtva.hu/hu/hungary-matters
please make a donation here
Hot news
Attention: Tick species spreading destructive virus appears in Hungary
Mini Dubai: Draft intergovernmental agreement goes before Hungarian parliament
What happened today in Hungary? — 28 March, 2024
Hungary opens diplomatic mission in Tanzania
Direct flights between Budapest and this exotic capital from April!
See Budapest’s famous shopping street rejuvenated – PHOTOS