Hungary Introduced Lower 5% VAT Rate for Specific products

Hungary has expanded the scope of the reduced 5% VAT rate under Act CXXVII of 2007 to include certain fresh, chilled, or frozen meat and slaughter by-products of domestic cattle, as listed under Annex 3, Part I, Line 60, provided they meet both the specific CN tariff headings (0201, 0202, 0206) and the legal product definition.