Minister Dinkic: No VAT increase in next two years

Belgrade, June 24. 2010. (Serbia Today) - VAT and payroll taxes will not be changed in the next two years, according to the statement of Serbian Minister of Economy and Regional Development Mladjan Dinkic "Taxes will not be changed by the end of this government's mandate," announced Dinkic on Monday. The reason for the Dinkic’s reaction was the announcements of the Finance minister Diana Dragutinovic of reducing the payroll taxes and increasing expenditure taxes. Dinkic said that the statement made by Finance Minister should be understood in a long-term context, adding that the idea is not so bad. "But, in view of the present situation and a relative acceleration of the revival of the Serbian economy, nothing should be changed now, but we should possibly think about it until after the economic crisis," concluded Dinkic.