- EU law allows member states to reduce fuel taxes and VAT, as long as minimum EU-set levels are respected.
- High fuel taxes and VAT rates are national policy choices, not EU requirements.
- Several countries (e.g., Germany, Italy, Spain, Belgium) have already reduced these taxes during crises.
- VAT can be reduced to as low as 5% or even 0% for essential goods like food, energy, and medicine.
- Mechanisms exist to ensure tax reductions benefit consumers, and further VAT reductions are expected, especially in specific regions.
Source: taxheaven.gr
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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