Smer wants to preserve higher VAT through an amending proposal

Slovaks cannot expect VAT rate to be decreased, as can be expected from the law on budgetary responsibility.

Slovaks cannot expect VAT rate to be decreased, as can be expected from the law on budgetary responsibility.

Only a few days after the national congress of the ruling Smer party, where Prime Minister and party chair Robert Fico said that the VAT will not be increased, Smer MPs make specific steps to this end. The bill on the value-added tax which is now debated in the parliament introduces a set of minor changes concerning administration of taxes or using the cash registries. Smer MPs will file an amending proposal.

Smer MP Ladislav Kamenický wants the measure securing the decrease of VAT to the original 19 percent after the budget deficit falls under 3 percent of the gross domestic product, the SITA newswire wrote. The measure of temporary increasing the VAT from 19 to 20 percent was included in the law on VAT in 2010, after the coalition parties in the then prime minister Iveta Radičová agreed to it. The increased VAT was to be effective only until the public finance deficit falls below the threshold of 3 percent of GDP. In 2013, Slovakia’s budget met this thresholsd, which was also confirmed by the spring prognosis of Eurostat, the EU’s statistics office.

The opposition slammed the tricky steps of government, citing the amount of more than €22 million. The discussion about the draft bill on the VAT is slated to continue on the afternoon of July 3, SITA wrote.

(Source: 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.

Get daily Slovak news directly to your inbox

Top stories

Grandson turns his blue-haired grandma into an Instagram sensation

President Zuzana Čaputová is one of her nearly 13,000 followers.

Photographer Marek Pupák takes pictures of his grandmother. He also created the blue.grandma profile on Instagram, where he posts the photos of her.

Roundup: Shoe boxes turn into Christmas gift boxes to cheer up lonely older people

People can fill and hand in their own box until December 6.

The White Night Festival takes place in Bratislava during Christmas.

Some schools will open on December 7

Matovič pushed through testing at schools, government is launching a pilot project this weekend.

PM Igor Matovič (front) and Education Minister Branislav Gröhling  (back)

Freed in the Kuciak murder case, guilty of another murder

The Specialised Criminal Court sends Alena Zsuzsová to prison for ordering the murder of former Hurbanovo mayor. She appealed against the verdict, insists she is innocent.

Alena Zsuzsová is escorted to the courtroom.