Opposition Calls For Reducing VAT On Basic Foods To 5%

  • 31 May 2021 11:41 AM
  • Hungary Matters
Opposition Calls For Reducing VAT On Basic Foods To 5%
The opposition LMP has re-submitted an amendment proposal to the budget bill to reduce VAT on basic food products to 5%, the party’s deputy group leader said. Antal Csárdi told a press conference that the price of basic foods had increased much faster than average inflation in recent years and decades.

“It is simply unacceptable that prices increase by double-digit ratios almost annually, while neither wages nor pensions can keep up with such an increase”, he added.

Csárdi said it was unfair to apply the same 27% VAT to basic food products as to luxury goods.

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