Business

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Business

Sweden halves food VAT as of today, and Denmark’s 25% rate is now a cross-border shopping problem

Sweden halves food VAT as of today, and Denmark's 25% rate is now a cross-border shopping problem

As of today, April 1st, Sweden has halved its VAT on food — dropping the rate from 12 percent to 6 percent. The move, part of a broader tax-cutting budget, is designed to ease cost-of-living pressures for Swedish households. But across the Øresund and along the border regions of southern Sweden, Danish grocers are watching […]