- Hungary’s DélKerTész advocates for reverse-charge VAT in the fruit and vegetable sector to combat fraud and improve transparency, rather than simply cutting VAT rates.
- Reverse-charge VAT would shift tax obligations from sellers to buyers, making transactions VAT-neutral for wholesalers and reducing fraud risks.
- A 5% VAT rate is seen as ineffective due to volatile produce prices; Nagypéter suggests it should follow sector reforms and be paired with structured margin agreements.
- Hungarian growers face higher compliance and operational costs compared to some imports, affecting competitiveness; organizational cooperation among growers is below target levels.
- DélKerTész is expanding logistics and cold storage, with most sales through retail chains and growing exports, but faces challenges from imports and potential regulatory changes like margin caps.
Source: freshplaza.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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