Germany to lower gas VAT to 7% to help consumers

2022-08-18T10:47:23.504Z

The measure was announced this midday for German Chancellor Olaf Scholz to offset runaway inflation The German government has decided to temporarily lower the VAT on gas, from 19% to 7%, to help consumers in the face of soaring prices triggered by the war in Ukraine, Chancellor Olaf Scholz announced on Thursday. Read alsoGas: Germany risks missing the target for filling its tanks The reduced rate will remain in effect at least until the end of March 2024 and “ we expect companies to pass this