The Slovenian government has decided not to introduce a crisis tax on wages for now, Slovenian Prime Minister Alenka Bratušek stated at a press conference on Thursday afternoon, confirming that the government has accepted the financial stabilization program.
The main goal of the government in the financial stabilization program and reform program is fiscal stabilization and economic recovery, Bratušek emphasized. According to her, instead of a crisis tax, both VAT rates will be increased from July 1, with the lower rate rising from the current 8.5% to 9.5%, and the higher rate increasing from 20% to 22%. The crisis tax remains as a reserve if the public sector savings targets are not met by the end of the year.
With the new VAT rates and some other taxes, Slovenia expects an additional budget revenue of 540 million euros, while 380 million in budget savings would be achieved based on last year’s intervention law on cuts and savings, which is also valid this year, Bratušek noted.
