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How to benefit from the VAT reduction when buying a car!

How to benefit from the VAT reduction when buying a car!

A reduced VAT rate of 16 percent has been in effect since July 1. A 30,000 euro car therefore still costs 29,244 euros – in theory. You have to consider that!

MThe federal government wants to boost car sales with the lower VAT rate. In principle, buyers should benefit directly from three percent less VAT. But it is not that easy. Depending on the purchase, there may even be a nasty surprise: “No dealer is obliged to pass the savings on to the customer,” says Stefan Schmidt, tax advisor from Hanover and lecturer in tax law. The expert tells BILD when customers are entitled to the savings and why companies should actually raise their prices. Read here how you can benefit from the tax reduction!

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How to get your car REALLY cheaper

Since July 1st, a reduced VAT rate of 16 percent applies to car purchases. A 30,000 euro car now only costs 29,244 euros. So much for the theory.

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