Legal & Institutional

Germany’s VAT cut may hit retailers across the border

2020-06-04T12:03:00

Germany decided on June 3 to reduce the VAT rate on non-food products to 16 percent from 19 percent, starting from July 1 and through the balance of this year, to give a boost to consumption and the economy. It has also cut the VAT rate for restaurants from 19 ...

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