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Gov't to reduce budget deficit with higher intermediate VAT rate

Autor: spez
ZAGREB, Sept 26 (Hina) - With the aim of fiscal consolidation, the government on Thursday presented a package of 37 reform measures that should reduce the budget deficit by HRK 2 billion and one of these measures includes an increased intermediate Value Added Tax (PDV) rate from 10% to 13% as well as higher excise taxes on tobacco products and fuel, outsourcing facilities in the public and state sectors, doing away with tax reliefs for first home buyers, and reducing special pensions.

(Hina) sp

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