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Construction Materials Market Expects Boom In Wake Of VAT Cut
- 30 Jan 2016 8:00 AM
- shopping
Hungary’s recent cutting the VAT on construction from 27% to 5 will result in “another boom” in the materials market, daily Magyar Idők said. The paper added, however, that a lack of skilled labour in construction could have negative impacts. Győző Vidor, head of the national construction materials federation (Méasz), said that the VAT cut may take another year to have spectacular results.
Construction Materials Market Expects Boom In Wake Of VAT Cut
- 30 Jan 2016 8:00 AM
- shopping
Hungary’s recent cutting the VAT on construction from 27% to 5 will result in “another boom” in the materials market, daily Magyar Idők said. The paper added, however, that a lack of skilled labour in construction could have negative impacts. Győző Vidor, head of the national construction materials federation (Méasz), said that the VAT cut may take another year to have spectacular results.