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Following initiatives undertaken by AKEL to tackle fuel price increases, the General Secretary of the C.E. of AKEL Stefanos Stefanou today tabled, on behalf of the AKEL Left New Forces Parliamentary Group, a proposal for a law to end double taxation on fuel.
According to an AKEL statement, "the aim of the proposal is to amend the Value Added Tax Law of 2000 so that VAT is not imposed on the excise duty on petroleum products."
"This amendment seeks to make the state bear part of the cost of the continuous increases in fuel prices. Besides, the European Council in its guidelines notes the need to take measures to further relieve vulnerable consumers and to support European businesses in the short term," AKEL notes.
"AKEL's proposal to end double taxation on fuel, together with our proposal for a fuel cap, can make a decisive contribution to a strong safety net for society in today's very difficult circumstances. We look forward to the cooperation of the political forces within the Parliament", he concludes.
VIEW HERE THE AKEL'S PROPOSED LAW
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