Amid increasing prices and people’s decreasing purchasing power, the Value Added Tax on basic food products has been reduced from 8 to 1 percent. Economists warn that this reduction may not affect the ...
The Spanish government on Tuesday announced a new package of measures worth some 10 billion euros ($10.6 billion) to alleviate the cost of living, including axing the value-added tax on basic ...
VAT on the average household food basket now totals about R342 a month. That is more than the cost of a 30kg bag of maize meal, one of the main survival staples. South African families are paying more ...
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