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Restaurant VAT down

>> Friday, May 29, 2009

France will lower the VAT on restaurants to 5.5%. Currently restaurant bills are subject to “normal” VAT at 19.6%. The change will happen in January 2010, or possibly already in July this year. The intention is to dampen the downward trend that restaurants have seen in recent months. Restaurant visits have gone down with between 10% and 50%percent. restho-news.com

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