From July 1, reduced VAT on bread, milk, eggs, and poultry
Starting July 1, a reduced VAT rate of 12% will apply to four main food categories – bread, milk, eggs, and poultry – for one year, potentially lowering prices in stores. Authorities urge consumers to be vigilant and check that retailers are honest in reflecting the tax reduction in prices.
A reduced value-added tax (VAT) rate of 12% comes into effect on July 1 for one year on four key food categories: bread, milk, eggs, and poultry. Previously, these products were subject to a 21% VAT rate. Officials have promised that this change will lower prices in stores, but the exact amount of the price drop is not specified. Consumers can verify the fairness of retailers by comparing prices before and after the change and paying attention to whether the tax reduction is reflected in the final price. Authorities encourage shoppers to be proactive and report cases where retailers have not lowered prices in line with the VAT reduction.
