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Don't Worry that the Savings in Vat Will Be Added to the Price
Summary by Kringvarp Føroya
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The government is not worried that the shops will put what they save in VAT, or part of it, on top of the price. There is nothing about this in the bill to abolish the VAT on blueberries, apples and vegetables. According to the proposal, the gross margin for apples and vegetables is 25 percent. For children's diapers, the gross margin is loosely estimated at 35 per cent. The Government says that the proposal has administrative consequences for t…
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