Which products will reduce VAT?

Following yesterdays announcement regarding tax reduction more details here

A substantial fall in householder basket prices will result in a 13% cut in VAT on all foods currently charged at a rate of 24%, announced by the Prime Minister.

The measure will be implemented immediately after the bill is passed to the House, which will be tabled in May with the polls being ante portas. This reduction is expected to lead to a fall in food prices.

At the same time, a substantial decrease is also expected in the prices of catering services due to the VAT application of 13% from 24% today, a measure which is also included in the package of incentives that will be activated immediately.

It is reminded that TAX in the focus had been raised to 24% by the Tsipras government following the signing of the SYRIZA-ANEL Memorandum.

In detail, basic consumer goods where the VAT rate is reduced from 24% to 13% are:

  • Coffee,
  • cocoa,
  • tea,
  • chamomile,
  • sugar,
  • salt,
  • vinegar,
  • spices,
  • cold cuts,
  • jams,
  • chocolates,
  • wafers,
  • cookies,
  • ice creams,
  • croissant,
  • nuts,
  • canned,
  • snacks,
  • cereals,
  • sunflower oil,
  • soybean oil,
  • corn oil,
  • vegetable fats.

Also in focus to restore the VAT from 24% to 13%, ie pre SYRIZA government levels to the following:

  • sinks,
  • pizzerias,
  • bakeries,
  • restaurants,
  • taverns,
  • catering,
  • cafes,
  • confectioneries,
  • snack bar,
  • fast food,
  • canteens and canteens.

source- economistas.gr

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