Because of COVID-19, many (small) businesses in Germany have been struggling. To support the economy, the German parliament voted to temporarily reduce its tax rate by 3% until the end of 2020. This means that instead of 19%, we now pay 16% taxes on each product that we sell. Because of the reduced tax rate, some brands are lowering their prices. At CANO, we have chosen to keep our prices the same. Because we want to be fully transparent with you, we will explain exactly why.
Initially, we thought about reducing our prices, so that you, our customer, would benefit from the tax reduction. However, manually changing the prices of our products would be a huge hassle, as we would have to change the price of each product manually - now and then again in six months. Instead, we thought about using the money to make a positive difference.