North Macedonia Cuts Fuel VAT From 18% to 10% Amid Supply Concerns
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10 Articles
Prime Minister of North Macedonia Hristijan Mickoski announced that his government will today reduce the value added tax (VAT) on diesel fuel from 18 percent to ten percent.
The government will hold a session today to adopt a new measure to mitigate the increase in fuel prices - a reduction in VAT from 18 to 10 percent, announced Prime Minister Hristijan Mickoski.The announcement comes ahead of tomorrow's correction of fuel prices by the Energy Regulatory Commission. Mickoski says that with the new measure, the government expects a reduction in the price of oil.” We already have measures on fuels, reduction of excis…
As he said, today the citizens of Montenegro are taxed extra by the incompetent government of Spajić through increased prices, almost 7 cents more than before the increase, due to the increased base for VAT
North Macedonia is temporarily reducing the VAT on fuel by almost half – from 18 to 10%. The measure is part of the government’s attempts to limit the rise in the price of gasoline and diesel and reduce the risk of problems with the supply of petroleum products. The lower rate will be in effect from September 15 to 28. According to the authorities’ calculations, after the change, a liter of EUROSUPER BS-95 gasoline will cost about 100.5 denars (…
North Macedonia Cuts Fuel VAT from 18% to 10% amid Supply Concerns
North Macedonia's government has cut VAT on fuel from 18% to 10% in a bid to "mitigate the impact of prices on citizens and the economy during the crisis, caused by the possibility of disruptions to supplies of oil and petroleum products", the
The expected price of a barrel of fuel will reach 110 dollars, which means that the price of fuel in Montenegro can exceed the psychological limit of 2 euros per liter, especially for diesel fuel, which is used by almost the entire economy and 78 percent of citizens, Stanić said.
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