Home » VAT on basic foodstuffs is eliminated to help families cope with inflation
It has put the brakes on in recent months, but inflation continues to suffocate many families. Who find it increasingly difficult to make ends meet. For this reason, the President of the Government Pedro Sánchez has today announced a new decree law on anti-crisis measures. This is the sixth package of economic measures approved by the Executive to combat the severe economic consequences emanating from the war in Ukraine. The measures announced today by Moncloa will come into force on January 1. Aimed at curbing the prices of food. Fuel and electricity. The objective is “to continue protecting vulnerable groups from the increase in the price of food and other essential goods,” emphasizes Sánchez.
VAT reduction on basic foodstuffs and on oil and pasta
One of the most notable measures New Zealand Phone Number List of the Government is a check to help the shopping basket of vulnerable families . This check will have a value of 200 euros and will be a single payment. To benefit from this measure. Which more than 4 million citizens can benefit from, the essential requirement. Will be to have an income of less than 27,000 euros per year.To help families deal with rising inflation. The Executive has also agreed to eliminate VAT on basic food items , which will go from 4% to 0%. The essential foods to which this reduction will be applied are bread. Bread-making flours, milk, cheese, eggs, fruits, vegetables, legumes. Tubers and cereals. This measure will also be completed with the reduction of VAT from 10% to 5% on oil and pasta.
Foreseeable that a good part of the large distribution
Although the package of measures ASB Directory approved by the Government was created with the objective of helping families deal more adequately with inflation in the coming months. FACUA- Consumers in Action has regretted that Moncloa has given up intervening in food prices. with inflated margins. The consumer organization warns that ” it is very foreseeable that a good part of the large distribution chains and manufacturers will absorb this decrease. Affecting new increases in prices , as has already happened previously after the VAT reductions that were approved in electricity and cinema.