Austria plans to halve the VAT on certain food prices, a scheme that will be funded by a tax on non-recyclable plastics.
The cut in VAT from 10% to 5% is scheduled for mid-year but the “foodstuffs” that will be subject to the discount have yet to be determined, the government announced yesterday (14 January).
Austria’s competition authority will be responsible for ensuring the country’s retailers adhere to the decrease and pass it on to consumers.
Handels Verband (HV), the independent Austrian Retail Association, said…
