The Democratic Party's proposed law to suspend payment of Value Added Tax on the charge relating to the part: "Fuel Adjustment" imposed on AIC's tariffs, aims to provide noticeable relief to citizens against price hikes, the party said in a statement.
The Fuel Adjustment, it adds, includes:
a. the cost of purchasing greenhouse gas emission allowances
b. the cost of purchasing fuel, which is the difference in the increase from the base purchase price as set by the AEC,
and
c. The measure proposed by DIKO concerns, in the first phase, the period until 31 December 2022.
[/P]"For all this, we ask for VAT not to be charged.
The measure proposed by DIKO concerns, in the first phase, the period until 31 December 2022. The estimated cost as reported to the Parliamentary Committee on Finance, by the Ministry of Finance, amounts to €7 million per month," the statement concludes.
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