The government has approved a tax reform package that includes a cut to the consumption tax on food and nonalcoholic beverages. This tax is currently set at 8 percent.
The reform package is set to take effect from April, as part of the fiscal year 2027 plans.
Further details on the tax reform package are available, but it is known that the approved changes will pave the way for a reduction in the tax on certain consumer goods, specifically food and nonalcoholic beverages.
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