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BUSINESS SHORTS

VAT on books set to drop

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 the next item set to have their tax rate decreased by 10 percent, starting next year.

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

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