For many Germans, things in supermarket checkouts could soon become much more expensive: there is a risk that VAT on meat will be significantly higher. Specifically: Instead of the previously required 7 percent, the tax should increase to 19 percent.
Gradual increase in VAT
This is required by the Future of Agriculture Commission, which brings together environmental associations, consumer advocates and farmers' associations, according to the newspaper Bild. The goal of the price increase: “a financial contribution by consumers to reliable, long-term animal welfare premiums,” as the newspaper quotes a key issue paper by the experts. The tax increase should happen gradually.
The increase in VAT on animal products will be discussed tomorrow with Chancellor Scholz (SPD) at the nutrition summit, and Agriculture Minister Cem Özdemir (Greens) would reportedly support the proposal if farmers do not oppose it.
Get informed, understand, make the right decisionsHere you can get general information about current financial news. Every Friday as a newsletter.
*Fields marked with an * are required