VAT Cut: MediaMarkt and Saturn Offer Temporary Tax-free Shopping
Berlin – Consumers in Germany can enjoy a temporary reprieve from the standard Value Added Tax (VAT) at electronics retailers MediaMarkt and Saturn, with purchases effectively becoming VAT-free for a limited time. The offer, launched today, November 24, 2023, applies too nearly all products in stock and online, representing potential savings for shoppers ahead of the holiday season.
The unexpected VAT elimination is a response to a technical issue during a system update, according to reports. While the duration of the tax-free period remains uncertain, both MediaMarkt and Saturn have confirmed they are working to resolve the problem. This presents a meaningful possibility for consumers, especially on higher-value items like televisions, laptops, and appliances, where the 19% VAT reduction translates to substantial discounts. the parent companies, part of the Ceconomy group and ultimately a subsidiary of Axel Springer SE, are absorbing the cost of the error.
The disclaimer regarding affiliate partnerships and editorial independence, typically displayed on Business Insider Deutschland, remains unchanged, emphasizing that recommendations and product selections are not influenced by these arrangements or the current pricing anomaly. Further information about Business Insider’s testing processes can be found at https://www.businessinsider.de/insider-picks/insider-picks-ueber-uns-so-testen-wir/ and journalistic guidelines at http://www.axelspringer.com/de/leitlinien-der-journalistischen-unabhaengigkeit.
