Impact of VAT changes on the consumer price index for hairdressing services (IMAGE)

VATT Institute for Economic Research

Impact of VAT changes on the consumer price index for hairdressing services

Caption

The VAT rate for hairdressing services was reduced by 14 percentage points in January 2007. In January 2012, the standard rate was reinstated increasing the VAT rate by 14 percentage. The figure compares the price indexes for hairdressing services and beauticians services, which were not affected by the VAT cut.

Credit

Jarkko Harju and Tuomas Kosonen

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