“Come and enjoy the best Hungary can offer, and in doing so, help us save our live music sector”
Hungary has one of the highest rates of VAT in Europe. Here, value-added tax is charged at – you’re going to want to sit down for this – 27%! There are some exceptions, for sure, but this is the normal VAT.
Books, for example, have had only 5% VAT for quite a long time, and recently some basic food earned the ‘privilege’ to be part of the 5% VAT ‘family’, but there are not that many. This is our starting point; factor…
You've used your free article this month
Continue reading with a free account, or subscribe for unlimited access to all of our news, features and reports.
Already have an account? Sign in
Hung out to dry by an indifferent government, the Hungarian live business needs urgent aid – starting with a long-overdue VAT cut, writes Eszter Décsy
Comment 19 November 2020