VAT Reduced to 0% on Olive Oil
The government has announced a new economic measure to combat inflation: reducing VAT on olive oil to 0%. This initiative aims to ease the tax burden on consumers and support the olive oil industry, which has been heavily affected by market fluctuations and high production costs.
Context of the Measure
In recent years, the price of olive oil has experienced a significant increase due to factors such as drought, which has reduced olive production, and rising costs of agricultural inputs. This increase has directly impacted consumers' wallets as well as the competitiveness of domestic producers in the international market.
Impact on Consumers
The elimination of VAT on olive oil provides immediate relief for consumers, who will see a direct reduction in the final product price. In short, the VAT reduction to 0% on olive oil is a measure that promises to ease the economic burden on consumers and support producers in a critical moment.
At Aceite de Jaén Online, you can already purchase your extra virgin olive oil with 0% VAT.
