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GOVT TO EXEMPT EARNINGS FROM SALES OF APICULTURE PRODUCTS FROM PIT

 

Hungary’s government will exempt beekeepers’ earnings from sales of apiculture products from the personal income tax, Minister of Agriculture István Nagy said. Nagy said supporting beekeepers is “a pillar” of the government’s climate protection measures. This year the government doubled a pollination subsidy beekeepers get, to HUF 1,000 (EUR 3.0) per hive. Nagy earlier noted that Hungary’s honey output has been halved to just 15,000 tonnes per year, but warned that an even bigger problem is the impact the declining number of hives has on pollination and consequently on the national economy.