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20 percent VAT criticised

Finance Minister Ivan Mikloš has been criticised for his plans to set a flat VAT rate at 20 percent by both the Economy Minister Robert Nemcsics and Slovak Chamber of Commerce and Industry president Peter Mihók.

Both would prefer a lower 15 percent level. According to Mihók, 20 percent would be "above the pain barrier" for most customers.

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

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