How much will groceries cost after proposed food VAT decrease?

Grocery VAT cut to bring minor savings for Finnish consumers

The Finnish government’s plan to reduce value added tax on food by half a percentage point is expected to yield minimal savings for consumers, unless retailers fully reflect the cut in their prices. The VAT rate for food would drop from 14 percent to 13.5 percent. For a single-person household spending an average of 63 euros on groceries per week, this translates to a saving of around 31 cents. A two-parent family with two children, spending rou…

How much will groceries cost after proposed food VAT decrease?

The government plans to reduce VAT on food by half a percentage point — to 13.5 percent. But consumers will only save money if supermarkets adjust their prices accordingly.