Slovak Parliament Rejects Proposal to Reduce VAT and Excise Duty on Fuel

Slovak parliament rejects draft laws to reduce VAT and excise duty on fuel
Reductions in VAT and excise duty rates on gasoline and diesel fuel proposed from July 1, 2024, through December 31, 2025
First draft law aimed to lower VAT rate on fuel from 20% to 8% to make fuel more affordable
Second draft law focused on reducing excise duty on fuel, with specific decreases for gasoline and diesel
Parliament’s decision means current VAT and excise duty rates will remain in effect
Implications for consumers and businesses in Slovakia as anticipated fuel cost reductions will not occur

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