Dialogos

Stefanos Stefanou's Strong Intervention: Permanent VAT Reduction on Electricity and End to Double Taxation on Fuels

Published March 24, 2026, 09:01
Stefanos Stefanou's Strong Intervention: Permanent VAT Reduction on Electricity and End to Double Taxation on Fuels

AKEL has submitted proposals for the economy, including a permanent reduction of VAT on electricity to 5% and the abolition of double taxation on fuels. Stefanos Stefanou emphasized the need for the government to plan for scenarios to deal with potential impacts from the war in Ukraine, especially on tourism. AKEL also proposes the promotion of structural measures to increase electricity production from Renewable Energy Sources (RES) by EAC. In addition, it calls on the government to withdraw the bill to impose green tax, in order to avoid burdening citizens. Mr. Stefanou expressed the view that the government is delaying the announcement of support measures, while emphasizing the urgent need to reduce energy and electricity prices due to their continued rise.