ZAGREB, Dec 2 (Hina) - Price tendencies following the introduction +of Value Added Tax (VAT) proves that the tax in itself cannot cause +an increase in prices, or inflation, the Consumer Support +Commission said in its report
submitted to the Croatian +Government.+ The Government introduced the VAT of 22 per cent on January 1 of this +year, soon after which it established the Consumer Support +Commission whose task is to note the impact of the VAT on prices, and +inform consumers about an excessive increase of insufficient +decrease in the prices of products and services.+ Following an initial rise in prices, a decrease confirmed the +Government's claim that the introduction of the VAT would allow +room for a price descent, because sales tax for operating costs has +been annulled, Commission chairwoman Martina Dalic told a news +conference at which she presented the final report.+(h
ZAGREB, Dec 2 (Hina) - Price tendencies following the introduction
of Value Added Tax (VAT) proves that the tax in itself cannot cause
an increase in prices, or inflation, the Consumer Support
Commission said in its report submitted to the Croatian
Government.
The Government introduced the VAT of 22 per cent on January 1 of this
year, soon after which it established the Consumer Support
Commission whose task is to note the impact of the VAT on prices, and
inform consumers about an excessive increase of insufficient
decrease in the prices of products and services.
Following an initial rise in prices, a decrease confirmed the
Government's claim that the introduction of the VAT would allow
room for a price descent, because sales tax for operating costs has
been annulled, Commission chairwoman Martina Dalic told a news
conference at which she presented the final report.
(hina) lml mm