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27/09/2022

Spain slashes VAT Rate on Natural Gas from 21% to 5%

Under Royal Decree Law 17/2022 of 20 September 2022, the government adopted a reduced VAT rate of 5% for supplies of natural gas to help slow down the current upward trend of natural gas prices in the country.

From 1 October to 31 December 2022 the reduced 5% rate will be applicable to supplies, imports, and intracommunity acquisitions of natural gas.

27/09/2022

Italy extends the application of Lower Excise Duties on Fuels Through Mid-October 2022.

Until 17 October 2022, the excise duties on fuels are reduced to:

EUR 0.4784 per litre for petrol;
EUR 0.3674 per litre for diesel;
EUR 0.18261 per kilogram for liquefied petroleum gas (LPG); and
EUR 0 for natural gas used for transport.

27/09/2022

France presents Finance Bill for 2023

On 26 September 2022, the French government submitted the Finance Bill for 2023 to the parliament. Among other policy objectives, the bill (not yet available) seeks to provide support to households and businesses in facing the current energy crisis, favour the ecological transition, and booster employment and economic activities.

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