"Austria's government has agreed on a list of everyday foods that will be taxed at a lower VAT rate from July, in a move it said should reduce prices for households and slightly dampen inflation. According to ORF, the Council of Ministers approved the product range on Wednesday after intensive discussions. The reduced VAT rate of 4.9 percent, down from ten percent, is set to apply from July 1st. The government also set an upper cost limit of 400 million for the measure, ORF reported."
"The list includes bread and baked goods, eggs, dairy products (including milk, butter and yoghurt), salt and flour, rice and pasta. On the fruit and vegetable side, the reduced VAT rate would apply to a range of produce, including vegetables (such as tomatoes, cucumbers, peppers, salads, carrots, celeriac, pumpkin and spinach), pulses such as beans and peas, and fruit (including apples, pears and plums)."
Austria will reduce the VAT rate on a selected list of everyday foods from 10 percent to 4.9 percent starting July 1, with the measure capped at €400 million. The cut targets basic staples such as bread, baked goods, eggs, and certain dairy items (including milk, butter and yoghurt), plus salt, flour, rice and pasta. The reduced rate also applies to a defined range of vegetables, pulses and fruit, naming items like tomatoes, cucumbers, carrots, beans, peas and apples. Several items were excluded, including meat, cheese, vegetable oil, oats and many berries. Ministers approved the list after intensive discussions.
Read at www.thelocal.at
Unable to calculate read time
Collection
[
|
...
]