Slovenia 2% VAT rise July 2013

Slovenia 2% VAT rise July 2013

9 May 2013
The Slovenian government has agreed a new austerity package, which includes a 2% VAT rate rise on 1 July 2013.
The package will be presented to the European Commission tomorrow, 10 May.  Slovenia is looking to assure other member states of the European Union that it can remain solvent, and will not need a Cyprus-like bail out.
The current Slovenian standard VAT rate is 20%, and was set in 2002.  There may also be an increase in the reduced VAT rate, currently 10%.
This rise follows recent VAT increase announcements in Cyprus and Luxembourg as smaller EU states facing worried financial markets

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