As was promised, last Thursday, May 12, the government revised the ISP fees (tax on oil products), lowering this tax, translating into a reduction of only 1 cent per liter on petrol and diesel.
in fact, the government had predicted that the oil price value increase, there would be a relief from the ISP, because in practice, due to the VAT revenue increase, the impact would be neutral for the state coffers. However, the decline was far short of the expectations of the representative of the transport sector associations.
In previous statements of the Secretary of State for Fiscal Affairs, Fernando Rocha Andrade promised that an increase of 4.5 cents per liter prices due to increased crude oil price fuels would result in a reduction of one cent. But since January, the average price of gasoline rose 13 cents, and diesel, 14 cents, for what was expected a greater reduction. . For the opposition, now carried reduction is a “joke” Government
To do download the document, click the link below:
Administrative Rule 136-A / 2016 – ISP Review May 2016 (111.3 KiB)
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