Consumption tax reduction proposal to be presented at a working-level meeting to be adjusted to 1% from April next year
⚡ Quick Summary
Regarding the consumption tax reduction on food products, an interim proposal is expected to be presented at the working-level meeting of the National Assembly on the 17th, and adjustments are being made around the idea of reducing the consumption tax to 1% for two years from April next year.
Regarding the consumption tax reduction on food products, an interim proposal is expected to be presented at the working-level meeting of the National Assembly on the 17th, and adjustments are being made around the idea of reducing the consumption tax to 1% for two years from April next year. Additionally, consideration is being given to reducing the amount to ``virtually zero'' by allocating 1% to benefits that focus on middle- and low-income earners.
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