CROATIAN MANAGERS ASK FOR CORRECTION OF VAT RATE

( Editorial: --> 5250 ) ZAGREB, April 7 (Hina) - Croatian managers have asked the Government to replace the existing uniform Value Added Tax rate of 22 per cent with several rates ranging from 0 per cent to 22 per cent. The Croatian Association of Managers and Entrepreneurs on Tuesday adopted a resolution saying that the insistence on the present 22 per cent VAT rate could lead to the reduction of working places, undesirable economic and social consequences and recession, as the degree of solvency of economic subjects is alarming. The resolution will be sent to the Government and National Parliament. (hina) jn rm /mb 071658 MET apr 98