Another Blow Is Coming: Spar Has Turned to the European Commission
15 Articles
15 Articles
Spar has filed a new complaint with the European Commission regarding the Hungarian special food retail tax. The company claims that the Hungarian regulation continues to disadvantage foreign-owned retail chains and that the legislative amendment aimed at reducing the tax burden is practically inapplicable to large supermarket chains.
The savings manager: The special tax law amendment is "absurd and a harassment." Margin cover and the special tax in Hungary cost savings of up to 130 million euros this year.
The new Hungarian government also did not abolish the special tax that the previous one introduced.
Spar has filed a new complaint with the European Commission regarding the Hungarian special retail tax, as the company believes that the domestic regulation continues to disadvantage foreign-owned chains. The supermarket chain believes that the latest legislative amendment aimed at easing the tax burden is inapplicable in practice for large companies, and that the real aim of the government measures is to push foreign companies out of the Hungar…
Manager: Special Tax Act amendment "absurd and a harassment. Margin cover and special tax in Hungary cost the Austrian trade chain Spar up to 130 million euros this year.
Spar has filed a new complaint with the European Commission regarding the Hungarian special retail tax. According to the Austrian food chain, although the Tisza government has amended the previous regulation, the change does not provide a practical solution for large supermarket chains. The company believes that the current system continues to disadvantage foreign-owned retailers.
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