VAT bill delay could cripple nation's competitiveness in EU

"The 40 ordinances [necessary to make the bill workable] will be worked out after the president signs the bill into law," says the finance ministry. That will not happen before mid-April. As a result, companies will enter the European Union without detailed knowledge of their tax obligations. The bill is supposed to take effect at the latest by May 1 but that now seems unlikely. (Puls Biznesu, pp. 1, 3, 5) A.N.