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VAT on books to go down

Culture Minister Marek Maďarič has come to a preliminarily agreement with the Finance Minister to decrease the value-added tax on books, the Sme daily reported.

After medication, books are to be the next item to have their tax rate decreased by 10 percent, starting next year.

If the deal is approved by the parliament, it could theoretically lead to a 7.5-percent decrease in book prices.

- SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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