You've probably already heard or read about it. To mitigate the economic impact of the coronavirus crisis, the German government has decided to reduce VAT for six months. We at yogabox are happy to pass this reduction on to you.
The pandemic has not only health consequences, but also economic ones. In the current economic situation, no one has anything to spare. To ensure citizens get a little more out of their net income, the German government has decided to reduce the value-added tax (VAT) until the end of the year. This means that if a product is currently subject to a 19 percent VAT surcharge, only 16 percent will be due between July 1 and December 31.
If a product was previously subject to a surcharge of 7 percent, only 5 percent will be due between July 1 and December 31.
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