Slovenia: Danger of Tax Increase

People ♦ Published: March 31, 2014; 12:18 ♦ (Vindobona)

Because of the failed introduction of the property tax Finance Minister Uros Cufer suggested an inrease in VAT to compensate for the losses in revenue.

The VAT rate in Slovenia is to be raised. / Picture: ©

Since the property tax suggested by the Slovenian government was rejected by the Constitutional Court Finance Minister Cufer suggested an increase in value added tax as an attempt to save this year’s budget and compensate for the losses in revenue. In a parliamentary meeting on Sunday evening, the Finance Minister told the Slovenian opposition that raising the VAT was the most…