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Mikloš to propose cut in VAT on fuels

Opposition SDKÚ-DS MP and former finance minister Ivan Mikloš is to submit a proposal on lowering the value added tax (VAT) on fuels at the parliamentary session in June, the TASR newswire learned on May 12.

Opposition SDKÚ-DS MP and former finance minister Ivan Mikloš is to submit a proposal on lowering the value added tax (VAT) on fuels at the parliamentary session in June, the TASR newswire learned on May 12.

"The proposal will be identical to the one that (Prime Minister) Robert Fico submitted in February 2005. Back then, he suggested that the VAT be reduced by 90 hellers (nearly 3 euro cents) per litre for petrol and by Sk1.80 (5.6 euro cents) per litre for diesel. I will come up with exactly the same proposal at the session in June," said Mikloš.

However, Economy Minister Ľubomír Jahnátek (Smer-SD) said on TA3's show "V politike" (Inside Politics) on May 11 that the government has no plans to lower the VAT on fuels.

"We have to comply with the strict Maastricht criteria. Slovakia should achieve a balanced state budget by 2011 and fiscal policy doesn't allow for this move," he said. TASR

Compiled by Zuzana Vilikovská from press reports
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