VAT reduction on fuels? “Portugal has already done everything it could do” and awaits Europe’s decision
The first to reaffirm, this Wednesday, Portugal “will already be adopted as an alternative to VAT, which will still be reduced to the present rate in the hands. To accelerate measures aimed at mitigating energy prices, Portugal will join Italy, Spain and Greece to submit a joint proposal to the Commission.
“In the mornings, changes to the VAT application rate Robert Author of the Commission”, which has already been approved by the European Commission, reiterated Costa, after the presidency of the Metsola Parliament, this Wednesday.
“Two years ago, we already obtained authorization from the Commission to reduce the VAT rate on electricity according to consumption levels, so that it would not be financially, but that it would only be a sustainable environmentally friendly measure, that would not encourage excess the sustainable environment The reduction in energy, but which allows the reduction of VAT to be greater the lower the consumption of energy, in order to have a policy consistent with the consumption of the European Ecological Pact”, explained António Costa.
Government of scale, the European Light VAT Committee did not show itself as a measure against a change requested by Portuguese to adapt this fee in the Commission’s electricity bill to Portugal and proceed with a.
As consult, VAT issues can be approved to be approved by the member states of the Commission, which the Committee of the Commission body cannot or reject as proposals but can identify possible legal problems regarding taxation.
Metsola said that “those need answers” and “those need answers” and “the years need answers expected for the coming months”.
For this, European governments need Brussels’ support for companies, as happened during the pandemic. “Before, I financed the layoff, now to obtain an acquisition of raw materials and the normal functioning of the companies so that it does not deal with the economic recovery that was underway and that we have to carry forward”, underlined Costa, noting the “very difficult moment” that Europe is going through, right after “coming out of the covid-19 crisis”.
For the Portuguese prime minister, countries “have to learn from the lessons of the last crisis: Europe must remain united”.
On the eve of a European Council, António Costa will meet, this Friday, with the heads of Italian governments, Mario Draghi; Spanish, Pedro Sánchez; and Greek, Kyriako Mitsotakis, to study the “issue of prices, especially energy and how to act quickly to control prices”.
Spain has already submitted proposals, “in the sense of setting prices, Spain has already submitted a proposal for a second-sense mechanism for setting prices, which has already written a proposal for the first week-proposal with the proposal Greeko a price, The The price of electricity must also be indexed to that of gas, while the price of Portugal must also be indexed to VAT rates on energy.
“Therefore, we want to have a common proposal to present to the Council, to present to the Commission, so that we can have a response as quickly as possible in something that is urgent, is to reassure families about the stabilization of prices and companies. production that do not delay the ongoing recovery process and which are being so successful”, explained the prime minister.
Bearing in mind the commitment made by the European Union (EU) to free itself from dependence on oil, gas and the Russian coalition, they defend with their European counterparts the importance of completing each other as energy interconnections between Portugal and Spain and France, considering that the integration of the Iberian market into the global market is “fundamental”.
The Portuguese leader again expanded European freedom at the informal summit of Member States this week, at Versailles, to assess Portugal that it aims at a greater change for Member States in VAT, in order to reduce fuel prices.