Analysis of the impact of the VAT rate on the competitiveness of organized accommodation and catering in Croatia

first_imgWith the current VAT rates, only minor positive effects on fiscal revenues are possible, while in the long run we can expect a smaller number of sectoral investments, a reduction in the number of new employees, lower gross value added and lower quality accommodation units., is the conclusion of the analysis of the impact of the VAT rate on the competitiveness of organized accommodation and catering in Croatia, point out the Croatian Chamber of Commerce.The analysis, prepared by HD Consulting in cooperation with the Croatian Chamber of Commerce, includes an assessment of the direct economic and fiscal effects of different VAT rates on a cumulative five-year period, comparing rates in Croatia with competing Mediterranean countries and the rest of the European Union. “In addition to tax relief, it is necessary to continue addressing the issue of labor and relevant legislation. We therefore welcome the call for further dialogue on the problems of the sector to continue the sustainable development of tourism”Said the Vice President of the Croatian Chamber of Commerce for Tourism, Trade and Finance Josip Zaher.The study was presented at yesterday’s meeting of the Association of Hoteliers at the Croatian Chamber of Commerce and the Association of Caterers at the Croatian Chamber of Commerce with Deputy Prime Minister and Minister of Economy, Entrepreneurship and Crafts Martina Dalic, Minister of Finance Zdravko Maric, Minister of Tourism Gari Capelli and Assistant Minister of Finance Zdravko Zrinusic. On behalf of the Association of Hoteliers at the Croatian Chamber of Commerce, the President of the Association and member of the Management Board of the Blue Lagoon Ronald Korotaj and member of the Management Board of Maistra Tomislav Popović, President of the Management Board of Valamar Riviera Željko Kukurin and owner of the Sunce concern Jako Andabak were present. Djakovic Stan Ivan Bogovic. ”Competing countries are in a far more favorable position for further growth and development as the rates of organized accommodation and catering in Croatia are the highest in the Mediterranean and among the highest in the European Union. ” said Zaher, announcing the continuation of talks between representatives of hoteliers and caterers with representatives of the Government and ministries on key issues for the tourism sector.last_img read more