Cuba | Tungsten Network https://www.tungsten-network.com The journey to world-class starts here. Wed, 23 Mar 2022 13:05:44 +0000 en-GB hourly 1 https://wordpress.org/?v=5.9.3 Introduction of new retail tax on food sales https://www.tungsten-network.com/compliance-overview/country-updates/country/cuba/introduction-of-new-retail-tax-on-food-sales/ https://www.tungsten-network.com/compliance-overview/country-updates/country/cuba/introduction-of-new-retail-tax-on-food-sales/#respond Wed, 23 Mar 2022 13:05:44 +0000 https://www.tungsten-network.com/compliance-overview/country-updates/country/%country%/introduction-of-new-retail-tax-on-food-sales/ In the past few months, many European countries have been adopting a range of fiscal measures considering growing inflation. Concerns around inflation have however extend beyond Europe’s borders. Cuba has in response to the growing inflation crisis declared a 10% tax on retail food sales. This took effect on 8th February 2022 and target self-employed […]

The post Introduction of new retail tax on food sales first appeared on Tungsten Network.]]> In the past few months, many European countries have been adopting a range of fiscal measures considering growing inflation. Concerns around inflation have however extend beyond Europe’s borders. Cuba has in response to the growing inflation crisis declared a 10% tax on retail food sales.

This took effect on 8th February 2022 and target self-employed people and small and medium-sized companies in the retail food sector.

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