Wednesday, May 23, 2012

Tax on Furniture Down

Tax Slashed

Now could be a great time to buy new furniture as the government targets another area of the economy to get people spending again.

The tax on furniture (VAT) has been slashed by 18 percent to 8 percent for 3 months.

Buyer Watch Out!

The local furniture shops rarely price their goods so, unless you are careful, any tax cut is likely to go into their pocket rather than yours.

However, in the larger, national chain furniture shops you should see prices marked down.

Ikea in Izmir will be one example where prices will be clearly marked down during the period of the tax cuts.

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