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PROPOSAL ON REDUCING VAT RATE FOR TOURISM TO BE SENT INTO URGENT PARLIAMENTARY PROCEDURE

ZAGREB, June 28 (Hina) - A proposal by the Croatian Tourism Ministry on cancelling or reducing the VAT rate for tourism as of next year could be included in the agenda of an extraordinary parliament session in July. Tourism Minister Pave Zupan Ruskovic told reporters on Wednesday her ministry suggested a zero VAT rate or a graduated six-percent rate which exists in the rival-countries. In the first five months of this year, turnover from tourism in Croatia accounted for 45 percent of the 1990 turnover. However, with the change of authority, Croatia's image has improved and it has attracted foreign tour-operators, Zupan Ruskovic said. Although this year's tourist season will be much better than the previous ones and tourist companies should complete it with positive business results, tourism will gain a real impetus in 2001 or 2002, when profit could be expe
ZAGREB, June 28 (Hina) - A proposal by the Croatian Tourism Ministry on cancelling or reducing the VAT rate for tourism as of next year could be included in the agenda of an extraordinary parliament session in July. Tourism Minister Pave Zupan Ruskovic told reporters on Wednesday her ministry suggested a zero VAT rate or a graduated six-percent rate which exists in the rival-countries. In the first five months of this year, turnover from tourism in Croatia accounted for 45 percent of the 1990 turnover. However, with the change of authority, Croatia's image has improved and it has attracted foreign tour-operators, Zupan Ruskovic said. Although this year's tourist season will be much better than the previous ones and tourist companies should complete it with positive business results, tourism will gain a real impetus in 2001 or 2002, when profit could be expected, Zupan Ruskovic said. (hina) rml

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