Spotlight on Zero Tax Policy and Its Effect
The Tax Authority has focused on issuing decisions of "zero tax" for three broad groups of goods, aiming to reduce the economic burdens on citizens. These decisions include exemptions for pharmaceuticals and veterinary medical equipment, herbal health and medical products, as well as 401 food items, bringing the total number of exempted items to 807. These measures aim to reduce living costs and improve access to food and medicine, though the impact on final prices depends on various factors such as supply costs, importation, distribution, and market demand. Experts emphasize the importance of monitoring the implementation to ensure that benefits reach consumers, as well as strengthening confidence in economic policies that are close to people's daily lives. Although the "zero tax" decision will not always lead to a direct decrease in prices, it serves as a means to improve economic conditions and achieve immediate social benefits.
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