We will pass on the lowered value-added tax to our customers

01.07.2020 16:31

From July 1, the value-added tax will be reduced from 19 percent to 16 percent and from 7 percent to 5 percent for six months. The Recommended retail price stays on based list price at 19% VAT. The Federal Ministry of Economics promised that the implementation should be possible for trade and service providers without bureaucracy. It is the decision of the individual company to pass on the VAT reduction to consumers.

We will pass on the lowered value-added tax to our customers.


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