LOWER HOUSE CONCLUDES SESSION WITH DISCUSSION ON VAT DELAY

ZAGREB, Dec 4 (Hina) - The Croatian Parliament's House of Representatives concluded Wednesday's session with a discussion on the delay of the Value Added Tax Act and on draft amendments to this law. The Istrian Democratic Alliance (IDS) said that all preparations were made and conditions were met for the VAT Act to enter into force on January 1, 1997. IDS deputy Damir Kajin said that the introduction of the VAT would only be to the benefit of the Croatian economy. The Legislature Committee backed the Government's proposal for the postponement of the VAT. The Peasant Party and the Social Liberal Party supported the IDS proposal while the Social Democratic Party proposed the application of the VAT be delayed. (hina) vm mm 042112 MET dec 96