Minister Delegate for Industry, François Loos, said Wednesday that the EU would agree to an extension beyond December 31 of the VAT reduced to 5 , 5% for renovations at the session of questions to the government in the National Assembly.
"We must have a formal green light from the European Union, we will in November at the next meeting of the Ecofin, the meeting of European finance ministers, said Loos, who met to a question from MP Peter PS Cohen (Haute-Garonne).
Recall that the perpetuation of the measure or its extension provisional depends on a unanimous decision of EU finance ministers. Three meetings are planned by the end of the year.
VAT at 5.5% for the renovation came into force September 15, 1999, and was extended until December 2005, but the draft 2006 budget provides for its maintenance.
"The prime minister made the decision today to give our craftsmen the opportunity to prepare the estimates in this framework to predict the purchases for all consumers on this basis, therefore we continue," recalled Mr. Loos. "Today we ask everyone to consider what is in our budget," he said.
VAT at 5.5% for the renovation is a "win-win measure. Reduce VAT in the building is to help artisans have more work, it's 3 billion in additional work, c 'is 50,000 additional jobs, "said Loos.
source: lemoniteur-expert.com
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