The temporary and extraordinary reduction in the VAT rate for certain products will be extended until June 30, 2023. The 5% rate applies to olive and seed oils, while the 0% rate applies to common bread, bread-making flours, certain types of milk, cheeses, eggs, and fruits, vegetables, legumes, tubers, and cereals. This extension is due to the underlying inflation rate for March 2023 being higher than the threshold required for the reduction to continue.
Source: audiconsultores-etlglobal.com
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