The economy needs to be stimulated. The policy promises through a value-added tax, a reduction of attacks from now until the end of the year. From now on, no more 19 or 7, but "only" 16 or, respectively, 5 per cent VAT will be levied. As a result, companies will save on the one hand, control theory, consumers are stimulated to purchase. But is it so?

Already decided to get to the tax cut, has caused hot discussions. Consumers can actually benefit from it? Or the companies will emerge in the end as the winner out of the action? The Central question is still: to continue to Give businesses the VAT reduction on to your customers?

that's Exactly where the sticking point lies: A duty there is, which is why every retailer ultimately decides individually. Many of the announced however to want to due to their poor economic situation, the reduction of. Others on the to the large bell.

VAT reduction: Here you can save

if You want to still benefit and save? Then you have to look in local shops when the prices exactly, or you for subscriptions – such as cell phone contracts – just inform. Services such as Spotify announced already a price adjustment up to 31. Of December, 2020. The Deutsche Bahn wants to pass the VAT reduction on to your customers 1:1. This applies to both long-Distance and local transport. In addition, food, power and E-cars will be the cheaper.

The tax cut will do, depending on the provider and your mobile phone contract or DSL connection is noticeable. However, you should make it here no hopes for big savings: In the case of a basic fee of around 40 euros you save on a monthly basis just 1 Euro.

The big But is coming

Even if it is recognized as the aid, the tax reduction is in many cases a sham. The VAT has to play a reduction especially companies such as Amazon in the hands. In addition, the action for DSL and phone contracts can even be a real Problem.

You, as a consumer, the VAT will encounter reduction in everyday life, probably little or no large quantities to save money. Also, if the reduction is worth it in the case of large products, such as furniture or household appliances, and more.

Note: Crucial, a reduction in the price of the purchase order date, but the date of the delivery is not. You order, for example, a Sofa that will be delivered in November, to grab a 16 percent value-added tax. The company provides the Sofa, however, only in January 2021, it re-19 percent - also, if you ordered a Sofa in November. More information can be found under bundesregierung.de .

discount offers are worth more

If you really want to save, you should rely on the classical discount promotions, the retailers such as MediaMarkt, Amazon and co. to offer on a regular basis. Here product is usually reduced, often by up to 30 percent or more.

This article was written by Simone Warnke

*The post "VAT reduction in force: Here to save you, and here" will be released by Inside Digital. Contact with the executives here.

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Date Of Update: 01 July 2020, 13:26