Prices in German online retail stores did not include reduced VAT

By: Trademagazin editor Date: 2020. 07. 15. 11:01

Online retail stores in Germany hardly pass on reduced VAT to their customers as part of the business package, according to a survey conducted by the Idealo comparison portal for Welt am Sonntag.

According to the survey, the prices of the 100 retail portals in Germany with the highest turnover fell by an average of 0.77 percent in early July compared to the previous month. Of the 100 portals, 78 reduced their prices, of which only 8 portals by more than two percent. (MTI)