Finance Minister Lalovac Announces Lower VAT for Food Items

Pre-election promises keep coming in

Croatian Finance minister Boris Lalovac announced on Thursday, October 1st 2015, that the government is considering a new mid VAT rate of 13% for food products instead of the current 25% flat rate. As Lalovac stated, this new rate will be introduced as a way to stimulate domestic production.

This new rate will be applied to products such as fresh fish (both sea and freshwater), cabbage, spinach, potatoes, some fruit items such as strawberries, tangerines and apples, honey and eggs: “We are aware that this measure will also mean lower VAT for imported goods, but we still believe it will entice domestic production” Lalovac commented after today’s regular cabinet meeting.

“We will come out with the new calculations for these products very soon, and we are talking about 10 to 15 products all together” Lalovac added.

This measure comes just hours after the opposition party HDZ finally announced their economic programme so we can expect the pre-election promises to start coming in daily.

 

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