ZAGREB, Jan 28(Hina) - The Croatian parliament concluded its session on Wednesday with a discussion on a proposed reduction of Value Added Tax from the current 22 per cent to 20.
ZAGREB, Jan 28(Hina) - The Croatian parliament concluded its session on
Wednesday with a discussion on a proposed reduction of Value Added Tax
from the current 22 per cent to 20.#L#
In his closing statement, Finance Minister Ivan Suker said that
despite the existence of two concepts of VAT, a "silent" consensus had
been reached in parliament over the necessity to reform the tax system
in order to restore order in the public finance sector and the tax
collection system.
"If we agree on this, we will also agree on the concept of tax
reform," Suker said, adding that the reduction of VAT by two per cent
was the first step by the government in its plan to reform the tax
system.
The session will continue on Thursday with a discussion on amendments
to the laws on labour, maternity leave and health insurance.
(Hina) vm sb