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Gov’t announces reductions to road tax and VAT on accommodation and event admission

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On Monday, the government adopted a tax package that will reduce VAT from 15 to 10% on accommodation services and admission to cultural and sporting events. Road tax on trucks over 3.5 tonnes will also fall by 20%. The government will also waive social security contributions for small companies with up to 50 employees for the period from June to August.

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