World Footwear

World

Germany: VAT cut to stimulate consumption

Jun 10, 2020 Germany
Germany: VAT cut to stimulate consumption
The value-added tax (VAT) rate on non-food products is being reduced from 19% to 16%, starting from the 1st of July. The measure should be in place for the rest of the year and aims to give a boost to consumption and the economy
German authorities also decided to cut the VAT rate for restaurants from 19% to 7%.

The lower sales tax could work as a stimulus for customers in neighbouring countries to engage in shopping activities in Germany.

Source: ShoeIntelligence

Image credits: Josh Appel on Unsplash

Related Events

  • Oct
    24
    Oct 24-Oct 25, 2025 | Cologne, Germany

    OST - Orthopädie Schuh Technik

  • Nov
    4
    Nov 4-Nov 7, 2025 | Düsseldorf, Germany

    A+A

  • Nov
    23
    Nov 23-Nov 25, 2025 | Mainhausen, Germany

    ANWR ORDER Sport & Lifestyle

  • Nov
    30
    Nov 30-Dec 2, 2025 | Munich, Germany

    ISPO Munich

Related Organizations

  • VDL - German Leather Federation

    VDL - German Leather Federation

    Germany
  • FILK - Research Institute of Leather and Plastic Sheeting

    FILK - Research Institute of Leather and Plastic Sheeting

    Germany
  • BTE - Trade Association of Textile, Shoes and Leathergoods

    BTE - Trade Association of Textile, Shoes and Leathergoods

    Germany
  • IVO - International Association for Orthopaedic Shoe Technicians

    IVO - International Association for Orthopaedic Shoe Technicians

    Germany