TNBiz (TNBiz)
Taxes and Accounting  |  September 06, 2010 22:30:07

Slovak Government will propose higher taxes, saying they


BRATISLAVA (MEDIAFAX) - Representatives of the Slovak coalition parties on Monday night agreed that the Government will propose raising taxes. Inform the web site daily Sme.

The agreement assumes that the standard rate of value added tax from next year will increase from 19 to 20 percent. Reduced rate of ten percent on medicines and books will remain unchanged.

Changing from 19 to 20 percent will apply as long as the deficit goes below three percent of GDP.

The coalition also proposes to increase excise duty on tobacco and alcohol.

All these changes indicate coalition allies "Fico's tax". Former Prime Minister Robert Fico, President of the Social Democratic Direction accused the government increased its deficit.

The proposed modifications to the Treasury to provide 800 million euros, it is 20 billion.

Slovak government quartet consists of the Slovak Democratic and Christian Union, Liberty and Solidarity, the Christian Democratic Movement and the Hungarian-Slovak Most-HID.

Paul Jégl,

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