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Government Announces VAT and Excise Duty Relief to Ease Price Increases from Middle East Conflict

  • VAT on electricity for residential consumers reduced to 5% from May 1, 2026, to March 31, 2027.
  • Excise duty on motor fuels reduced by 8.33 cents per liter from April to June 2026.
  • Zero VAT rate applied to meat, poultry, and fish from April 1 to September 30, 2026.
  • Green Tax on fuels will not be imposed, avoiding a 9 cents per liter increase.

Source: kpmg.com

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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