- Hungarian Parliament accepted Bill No. T 11253
- Bill applies reduced VAT rate to workplace, children’s, and social catering
- Bill reduces VAT rate to 5 percent from current 27 percent
- Law enters into force eight days after promulgation
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.
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