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LMP TO SUBMIT AMENDMENT PROPOSAL ON VAT CUTS ON BASIC FOODSTUFFS

 

Opposition LMP will submit an amendment proposal to parliament that would require a 5 percent VAT rate on basic foodstuffs to be written into law, the party’s co-leader said in an online press conference.
The party has also launched a signature drive aimed at the reduction of the VAT rate on basic food products to 5% from the current 27%, Erzsébet Schmuck said. “It’s the price of fruits and vegetables in particular that has become unreasonably expensive,” Schmuck said, adding that they had become unaffordable to many families.
Also, with a view to improving the situation of pensioners, LMP is calling on the government to raise pensions if inflation exceeds annual pension hikes by more than 1 percentage point, Schmuck said. The party is also calling on the government to reintroduce the 13th month pension with immediate effect, rather than gradually, she added.