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Author Topic: VAT to Rise!  (Read 438 times)

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Offline Barman

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VAT to Rise!
« on: August 15, 2011, 11:59:31 AM »
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The Cyprus government has put forward a proposal to raise VAT by 2%, from 15% to 17%.  The hike is part of a range of Euro 750m austerity measures submitted for the Parliament to approve, potentially this week.   The proposals are linked to the long term problem of state pension funding and the islands' exposure to the troubled Greek economy.  The announced proposed VAT rise was not enough to prevent the credit agency, Fitch, from downgrading Cyprus' debt to BBB on Wednesday.

Cyprus' current VAT is at the lowest permitted by the European Union: 15%.

Bastards!  cussing:

From here.
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Offline apc2010

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Re: VAT to Rise!
« Reply #1 on: August 15, 2011, 12:04:24 PM »
 cussing: 
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Offline Nick

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Re: VAT to Rise!
« Reply #2 on: August 15, 2011, 12:08:05 PM »
Smug club gubbed  point:
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Offline Snoopy

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Re: VAT to Rise!
« Reply #3 on: August 15, 2011, 12:30:58 PM »
Welcome to our world  whistle:
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Offline Barman

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Re: VAT to Rise!
« Reply #4 on: August 15, 2011, 12:47:26 PM »
It was bleddy 10% when I got here!  cussing:
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Offline Snoopy

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Re: VAT to Rise!
« Reply #5 on: August 15, 2011, 01:05:46 PM »
Shouldn't have joined the EU.  point:
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Offline Barman

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Re: VAT to Rise!
« Reply #6 on: August 15, 2011, 01:08:51 PM »
Quote from: Snoopy on August 15, 2011, 01:05:46 PM
Shouldn't have joined the EU.  point:

I know... we all told them that...  ::)

They were convinced that EU membership would solve the 'Cyprus Problem'....  noooo:

They simply wouldn't believe that the EU was only after their money!  cussing:
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