- Hungarian Parliament accepted Bill No. T/11064 to amend the VAT Act
- Bill includes a measure to reduce VAT rate to 5 percent on certain basic foodstuffs
- Foodstuffs include cereal grains, milk and dairy products, bread, honey, vegetables, legumes, fruits, and spices
- Law would enter into force September 1
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
