Posted by meb at June 3rd, 2007

New discounted labels of food products have started to hit the shelves in stores as the value added tax on some foods was reduced to 8 percent from the former 18 percent. The new law came into effect on June 1. Customers expressed their pleasure with the lower prices, but they stated that they were expecting the tax reduction to cover all food categories and cleaning supplies. Customers also pointed out that similar changes had caused discounts for short times in the past, but prices were then raised to their previous levels, noting the need for authorities to monitor such practices. Workers in markets and variety stores worked overtime on Thursday night to replace the new labels and some stores put up signs in order to inform the customers about the change. Some of the items included in this tax reduction are: coffee, herbal tea, spice and grain products, edible and unprocessed oil, and frozen products.

source: Today’s Zaman

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