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Jan 24, 2018

Hungarian government continues to slash VAT on food products

The aim of the current Hungarian government is to increase domestic consumption by providing people with cheap and affordable food, and to bring more Hungarian food from a high quality, healthy environment to the family table

The Hungarian government will continue to reduce VAT on key foods in 2018, it has been announced.

According to Kormany.hu, the VAT on fish and pork offal and by-products for human consumption will be reduced from 27 percent to 5 percent.

The announcement marks a significant contrast to the policies under the pre-2010, Socialist-led government, which doubled VAT on foods, making it difficult for families, and especially pensioners, to get by.

The aim of the current Hungarian government is to increase domestic consumption by providing people with cheap and affordable food, and to bring more Hungarian food from a high quality, healthy environment to the family table.

VAT has already been slashed on a large number of basic foodstuffs, including reductions of the level of VAT to just 5 percent on pork and poultry meat, fresh milk and eggs.