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

Source: fiscal-requirements.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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