VAT on food and medicine to remain zero-rated until 2011
Email Story
Print Story
- Malta Labour Party outlines it’s plans for Gozo
- ‘Pharmacy of Your Choice’ scheme launched
- Dr Sant claims that PN will charge for National Health Service
- Further price reductions of some medicines announced
- Medicines can be reduced by as much as 30% - AD
- Coalition culture already in action - Alternattiva Demokratika
- Committed to make Gozo a first class island once again - MLP
- Opposition Leader voices his criticism of last nights budget
- Ministry replies to criticism of ferry prices
- Review and controversy on the pricing of medicines continues
- November Retail Price Index increased to 113.52 from 113.50
- First Maltese Food Safety Week starts today
- AD applauds EU initiative on flexibility for VAT
- Maltacom introduces 50% discount offer on calls
- Use of over-the-counter cough and cold medicines for children
- Email Story
- Print Story
EU finance ministers have agreed to extend the derogation dealing with VAT on food and medicines granted to five new member states, including Malta, until the end of 2010. The derogations applying to food and medicines were due to expire at the end of 2009.
Malta had requested to retain the zero-rating for medicine and food as both Ireland and the UK do not apply VAT on food and medicines, and have an indefinite transitional period that can only end once they agree to it.
The Government has said that it would be prepared to extend the cost of living compensation if VAT at the reduced rate of five per cent is introduced on food and medicines in the future.
|
|
(No Ratings Yet)
Loading ...
Loading ...
You may if you wish add a comment below.