- Japan will reportedly reduce value-added tax on food to 1% for two years.
- This comes ahead of elections, after the government had promised a temporary zero rate on food.
- The current concessionary food tax rate is 8%.
Source: vitallaw.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.
