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Hungary: Parliament to reduce VAT rates on Specific Food Products effective 1 January 2022

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The Hungarian National Assembly has considered the Bill treduce VAT Rates on Specific Food Products that would enter into force on 1 January 2022. The Parliament considered the submitted bill entitled “amending Act CXXVII of 2007 on the General Sales Tax with the aim of reducing the general sales tax on certain basic foodstuffs. 

 

 

Source: Hungarian Parliament Bill No. T/17515 

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