Tax Reduction on Food Could Bring Less than Expected
8 Articles
8 Articles
Since July, VAT on certain foodstuffs has been halved. According to the Ministry of Finance, households are supposed to save up to 100 euros each year. However, a new calculation now shows: In practice, consumers save much less money than the Ministry calculates.
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nachrichten.atOGM opinion polls evaluated prices on the basis of actual purchases: only a quarter of the purchased food is covered by the tax reduction.
OGM analysis based on actual purchases: only quarter of the purchased food is taxed.
In the case of more than 2000 purchases of representatively selected test persons, the reduced VAT rate was only applicable to less than a quarter of the products.
The reduced VAT on basic foodstuffs in July may relieve Austrian households much less than intended: An evaluation of the opinion research institute OGM on the basis of real cash slips shows that just under a quarter of the purchased foods benefit from the reduction.
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- 100% of the sources lean Right
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