Ostojic: VAT for tourism needs to be reduced

Posted on January 31, 2012

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Ostojic believes it should be seriously considered to lower the VAT rate for tourism to 8-10 percent. At HTV’s Daily News, future minister of tourism Veljko Ostojic (IDS) disclosed some of his first moves in the office. He said that tourism is one of the few sectors in Croatia that operates at the international market, and VAT is certainly one of the drivers. Ostojic believes it should be seriously considered to lower the VAT rate for tourism to 8-10 percent. The new minister thinks competitiveness is the key word for development of tourism. This requires more investment activity, better market communications, and better work than Mediterranean competition, he adds. Ostojic believes 2011 was a successful year and will strive to at least repeat it n 2012.

08.12.2011

Source: Presscut.hr