The Council of Ministers at its meeting today has approved a decree to amend the VAT legislation so that a zero VAT rate is applied to supplies of bread, milk, eggs, baby food and baby diapers, as well as to products for feminine hygiene protection and adult diapers.
These measures are temporary in nature, and will apply from the date of publication of the decree until 31 October 2023.
The purpose of the measures is to provide relief to households in dealing with the increased prices of basic goods due to external factors resulting from the increases that have occurred internationally and the ongoing crises that are rocking economies and adversely affecting supply chains.
The fiscal cost for the implementation of these measures is expected to be around €11 million.
(AF)
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