VATupdate

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Government Reduces VAT rate on natural gas and electricity sectors

  • Reduced VAT by 5% for natural gas supplies of household and industrial use to apply the consumption invoices filed in Q3 2022 
  • Conserving the miscellaneous charges for the natural gas sector enforced in Q2 2022  
  • Reducing the charges by up to EUR 240 million for the utilization threshold of up to 5,000 cubic meters per year for Q3 2022 
  • Zeroing charges in the electricity sector for Q3 2022  
  • Providing incentives for electricity and gas.  

Source: GVC

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