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Hungary: VAT on fish and pork offal will be reduced

The VAT on fish and pork offal and by-products for human consumption will be reduced from 27 percent to 5 percent beginning in January.

Monday 5 February 2018 (10 months 13 days ago)
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The government's goal is to tax the most important foodstuffs with the lowest possible levels of VAT, and accordingly will continue to reduce the VAT on key foods in 2018. The VAT on fish and pork offal and by-products for human consumption will be reduced from 27 percent to 5 percent beginning in January.

Prior to 2010, the left-wing liberal Governments doubled the VAT on foods, making it difficult for the Hungarian families, and especially pensioners, to get by. The high tax rate also affected agricultural sector businesses.

In contrast, one of the main aims of the civil 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. Accordingly, in recent years we have reduced the VAT on a large number of basic foodstuffs, including reductions of the level of VAT to just 5% on pork and poultry meat, fresh milk and eggs.

From 1 January 2018 we will continue these VAT cuts: the VAT on fish for consumption, pork offal and by-products for human consumption (e.g. trotters and pigs’ feet) and pork offal (e.g. tongue, liver and brain), will all be reduced to 5 percent. Thanks to the VAT cuts, the average family will save at least 35-40 thousand forints per year.

Tuesday January 23, 2018/ Ministry of Agriculture/ Hungary.
http://www.kormany.hu

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