NBS chief says VAT hike possible

National Bank of Serbia (NBS) Governor Radovan Jelašić said on Friday that VAT might be raised from the current 18 pct.

Izvor: Tanjug

Saturday, 25.04.2009.

10:38

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National Bank of Serbia (NBS) Governor Radovan Jelasic said on Friday that VAT might be raised from the current 18 pct. If the economic measures taken by the government do not produce the expected results, agreement has already been reached with the International Monetary Fund to impose 10 and 15 percent taxes on public sector salaries above RSD 40,000 and 100,000 and to hike VAT to 19 pct. NBS chief says VAT hike possible "Talks with IMF in the next few days will focus on what Serbia must do if its government savings measures prove insufficient," he said in an interview before leaving for Washington to attend the spring session of the IMF and the World Bank. The governor added his impression was that IMF had decided to meet the Serbian government expectations now, but will be much more restrictive when the program comes up for first revision in August. Jelasic said that his talks in Washington with WB, European Investment Bank and European Bank for Reconstruction and Development officials will focus on specific measures the international financial institutions are planning for the region.

NBS chief says VAT hike possible

"Talks with IMF in the next few days will focus on what Serbia must do if its government savings measures prove insufficient," he said in an interview before leaving for Washington to attend the spring session of the IMF and the World Bank.

The governor added his impression was that IMF had decided to meet the Serbian government expectations now, but will be much more restrictive when the program comes up for first revision in August.

Jelašić said that his talks in Washington with WB, European Investment Bank and European Bank for Reconstruction and Development officials will focus on specific measures the international financial institutions are planning for the region.

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