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State Secretary looks at temporary VAT rate reduction

State Secretary Vijlbrief of Finance wants to investigate whether the VAT on daily groceries can be reduced. The state secretary says that lowering VAT is “typically such a measure you look at in times of crisis.”But there is ‘much more’ on his list. The Secretary of State’s comments were in response to the decision in Germany to reduce VAT on daily groceries for six months as part of an aid package worth EUR 130 billion . The measure is intended to give entrepreneurs a helping hand during corona times.

 

Source: fiscaalvanmorgen.nl

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