VAT increase
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ZF English
Car market nosedives again on VAT hike
Car sales dropped by almost 40% in August against the same month of last year, the third largest monthly decline since the start of the year, amid the strong effect of the VAT increase from 19% to 24%.
ZF English
Insurers: VAT increase, the heaviest blow
The decision to raise VAT by 5% is a heavy blow for insurers, whose costs will soar, in the context where they are just VAT payers, unable to recover the tax as their tariffs do not include...