Tuesday, July 17, 2012

MALLORCA TODAY - Tourist sector to apply pressure over VAT rise

Though discussions have begun between hotels and tour operators as to the implementation of the 2% rise (to 10%) of the reduced rate of IVA (VAT) in the tourist sector, the hotels and other businesses in the sector are not accepting the rise without a fight. They are to meet Balearics president Bauzá and may also seek a meeting with Prime Minister Rajoy.

See more: Diario de Mallorca

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