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Hungary’s government scraps VAT on subscription drugs

By Thomson Reuters Jul 23, 2026 | 6:14 AM

BUDAPEST, July 23 (Reuters) – Hungary’s government will scrap ​a ‌5% value-added tax on subscription drugs from September ‌1, ​which ⁠will cost the ⁠budget 7 billion forints ($21.93 million), Prime Minister ​Peter Magyar said on ⁠Thursday.

The ⁠government is also ​planning to cut ​the value-added tax ‌on wood used for heating, and ⁠healthy foodstuffs, but that will be a ⁠larger ‌item, costing ⁠more to ​the ‌budget, Magyar ​said at ⁠a briefing.

($1 = 319.2000 forints)

(Reporting by Krisztina Than and Anita ​Komuves)