The VAT on several basic foods will decrease in Slovakia from January
From next January, the VAT on several basic foods will decrease in Slovakia from 20 percent to 10 percent – the bill was approved on Thursday by the parliament.
The reduction is part of the second social package, which was announced in August by Robert Fico's government. The reduction affects the basic range of foods, only the fresh food products.
From the measure the government expects the retail price reduction of basic foods and hopes that as a consequence the goods will become more accessible. (MTI)
Related news
Slowing inflation, but still expensive food in Slovakia
In Slovakia, inflation moderated to 2.6 percent by September, but…
Read more >
Kaufland Slovakia emphasizes local ranges
Kaufland shows its support for domestic Slovak producers. Industry reports…
Read more >
Significant tax changes are coming in Slovakia: VAT increase and cuts to reduce the budget deficit
The Slovak government presented its new consolidation package, which fundamentally…
Read more >Related news
Amazon uses AI to scan products for defects before delivery
Amazon uses AI to detect faulty products before they are…
Read more >
Consumers are skeptical about the sustainability of companies
Since 2022, the maturity of companies in the field of…
Read more >
Internal trade slowed down massively
This morning, the Central Statistical Office published retail sales data…
Read more >
