Lower House lowers VAT on foodstuffs

The Chamber of Deputies has decided to lower value added tax on certain basic foodstuffs. VAT on coffee, tea, and chocolate products, for example, is currently 19 percent and is to be lowered to 5 percent. If the plan is approved by the Senate and signed by the President, alcoholic beverages would be the only foodstuffs with 19 percent VAT.

Author: Dita Asiedu