Radio Slovakia International

Ruling Coalition to Decide on Potential VAT Rate Hike on Monday

The Coalition Council will decide on the potential hike of the value added tax (VAT) rate on Monday. Prime Minister Iveta Radicova (SDKU) said in this respect that the matter is being considered in order to avoid imposing a tax burden on labour. According to the prime minister, several alternatives are available with regard to the excise tax on tobacco products and alcohol. She takes into account arguments related to domestic wine production; in her words, the Cabinet does not ...
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