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It's Official, a Vote on Another VAT Cut Will Be Held Soon: These Products Will Be Affected by the Measure
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The government submitted a bill to the Parliament on Monday to reduce the VAT on firewood to 5 percent.
On Monday, the government submitted to the Parliament a bill that would significantly reduce the value-added tax on firewood: the current 27 percent VAT rate could be reduced to 5 percent from September 15.
The Hungarian Parliament may soon vote on another VAT reduction, as the government would reduce the VAT on firewood from 27 percent to 5 percent. Based on the bill submitted on Monday, the reduced tax rate could come into effect from September 15, if parliament approves the proposal.
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