June 4, 2020 / 6:26 PM / a month ago

Germany's Merkel sees no extension to sales tax reduction

German Chancellor Angela Merkel waits for a televised interview with public broadcaster ARD in Berlin, Germany June 4, 2020. John Macdougall/Pool via REUTERS

BERLIN (Reuters) - German Chancellor Angela Merkel said on Thursday a reduction in sales tax, announced as part of a 130 billion euro economic stimulus package, would only last until the end of the year.

“This is for me a cut off point,” Merkel told ZDF television when asked if the reduction could be extended. “It is meant to give a short term impulse,” she added.

On Wednesday, Merkel announced that VAT would be reduced from 19% to 16% for six months starting in July.

Reporting by Madeline Chambers; Editing by Chris Reese

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