Serbia Lifts VAT Rate

Politics ♦ Published: September 11, 2012; 21:08 ♦ (Vindobona)

In order to prevent the national bankruptcy, the Serbian government raises the VAT by two percentage points.

Serbia Lifts VAT Rate / Picture: ©

Serbia´s Minister of Economics Mladjan Dinkic announced that the VAT rate was increased from 18% to 20%. Before, Dinkic met a delegation of IMF. The government explained that IMF´s claim to freeze salaries in the public sector and pensions will not be implemented.

In February, IMF suspended the talks with the Serbian government. Now, the new government aims to achieve a new…