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Govt cancels VAT reduction on bicycles because they are ‘too expensive’

In order to encourage more people to choose the bicycle as a means of transportation, the Chamber approved in 2019 Unanimously the proposal of the good PS To reduce the value-added tax on bicycles and electric bicycles from 21 to 6 percent. Before it could be introduced, the procedure only needed approval from the European Commission.

This approval has now been granted, but the government has now decided to follow in its footsteps and cancel the promised VAT reduction.

Source: taylordailypress.net

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