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VAT news - Global VAT Compliance
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RETAIL TRENDS: With the 5 percent VAT reduction on food now in effect since earlier this month, one major local retailer says it’s a welcome relief for consumers, even if it’s not leading to a noticeable bump in sales. Rupert Roberts, owner of the Super Value food store chain, says about 74 percent of customer purchases benefit from the lower VAT rate. Roberts says that despite the savings, it’s not translating into higher sales for retailers, as he believes many consumers are redirecting those
1:30
RETAIL TRENDS: With the 5 percent VAT reduction on food now in effect since earlier this month, one major local retailer says it’s a welcome relief for consumers, even if it’s not leading to a noticeable bump in sales. Rupert Roberts, owner of the Super Value food store chain, says about 74 percent of customer purchases benefit from the lower VAT rate. Roberts says that despite the savings, it’s not translating into higher sales for retailers, as he believes many consumers are redirecting those
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FacebookInternational Monetary Fund
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