The lower added tax value for marinas, as well as the tax exemption that now applies to motorway construction, investments in luxury hotels, food processing plants and electricity generation, will no longer be valid because they are not in line with the EU legal acquis, and the Ministry of Finance by the end of the year must make changes to the VAT law.
This was concluded yesterday at a session of the Government after discussing the information on meeting the benchmarks for the temporary closure of negotiations on the exemptions of 16 taxes.
"As for the tax exemptions prescribed by the Law, it is necessary to consider the need to abolish the exemption for motorway construction, investments in hotel facilities, capacity for the food industry and electricity production. Lower rates for marina services also are not in line with EU legal regulations, as well as medicines prescribed and issued at the expense of the Health Fund and tax at zero rates," says this information.
