Tags / Energy Prices
Energy Prices
Measures (1)
SBN-1935bill · in_committee
AUTOMATIC SUSPENSION OF VALUE-ADDED TAX AND EXCISE TAXES ON FUEL
This bill provides for the automatic suspension of the Value-Added Tax (VAT) and excise taxes on fuel when the average Dubai crude oil price reaches or exceeds USD 80 per barrel, aiming to alleviate the financial burden on consumers during periods of high fuel prices.