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

  • Jul
    18
    Jul 18-Jul 21, 2025 | Düsseldorf, Germany

    Showroom Concept

  • Jul
    18
    Jul 18-Jul 21, 2025 | Düsseldorf, Germany

    Supreme W&M Düsseldorf

  • Jul
    19
    Jul 19-Jul 21, 2025 | Düsseldorf, Germany

    TWODAYS

  • Jul
    20
    Jul 20-Jul 21, 2025 | Düsseldorf, Germany

    Neonyt Düsseldorf

Related Organizations

  • ISC - International Shoe Competence Center Pirmasen

    ISC - International Shoe Competence Center Pirmasen

    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
  • LGR - Leather Institute Tanning School Reutlingen

    LGR - Leather Institute Tanning School Reutlingen

    Germany