Economic Commentary, no. 114
According to the amended fiscal-budgetary policy, on January 1, 2011 new VAT regulations will enter into force that will affect both companies and the state budget. The proposed changes – reimbursement of the VAT paid for capital investment – are certainly to the benefit of companies, but impact on the state budget is not so obvious. In this analysis, we assess opportunities and problems related to the new policy.
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