Parliament postpones Value- Added Tax [Archives:2004/752/Community]

July 5 2004

Parliament, during its deliberations on Monday June 28, approved postponing Article 70 of Law No. 19, 2001, regarding value added tax. The value added tax will now become effective on July 1, 2005.

The delay is intended to give the deputies more time to examine the law and the complicated administrative procedures associated with it that require more preparations.