Govʼt to cut VAT rate on take-out to 5%

Government

Shutterstock.com

The government has decided to reduce the VAT rate on take-out food to 5%, level with the rate for dining in at restaurants, Prime Minister Viktor Orbán said in a weekly radio interview on Friday, according to a report by state news wire MTI.

Image by Shutterstock.com

Orbán told Kossuth Rádió that he decided on the measure on the recommendation of the chairman of the Hungarian Chamber of Commerce and Industry (MKIK).

He said he could put his signature on the step on Friday morning.

Dining in at restaurants has been banned since Wednesday under restrictions introduced to contain the spread of the coronavirus.

Hungaryʼs main VAT rate is 27%.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.