Economy Minister Rules Out Lower VAT on Food This Year

Total Croatia News

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“The reduction of the VAT rate cannot be implemented this year. We have just started to stabilise since the crisis in 2020. Such moves should be considered within medium-term perspectives, that is in one or two years,” the minister said in his address to the press while attending his ministry’s green campaign “#ZaZeleniSvakiDan” in downtown Zagreb.

The minister expects the stabilisation of the prices on the global market in the coming months and the effects of that trend on the Croatian market after that.

“The stabilisation of chains of distribution is a prerequisite for the stabilisation of price of food and also of construction material,” he added.

The minister is hopeful that 2022 would usher in stabilisation, supported by some measures from the field of the monetary policy.

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