- Central Economic Council opposes harmonising lower VAT rates at 9% as part of budget planning discussions
- Current essential goods like food are taxed at 6% VAT rate which would increase under the proposal
- CEC estimates food shopping costs would rise from 106 euros to 109 euros per basket
- Low income families would be most affected as 77% of poorest households spend on unavoidable essentials
- Council warns the VAT increase could eliminate thousands of jobs while providing minimal budget benefits
Source: brusselstimes.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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