content tagged with basic food products

VAT on basic food products reduced to 1 percent by a Presidential decision

VAT on basic food products reduced to 1 percent by a Presidential decision

Amid increasing prices and people’s decreasing purchasing power, the Value Added Tax on basic food products has been reduced from 8 to 1 percent. Economists warn that this reduction may not affect the price tags with other costs cited as the reason.

14 February 2022