The Minister in the Ministry of Finance, Economic Affairs and Investment, during the Ministerial Statement on Energy and the Cost of Living on July 19, 2022 announced that the rate of Value Added Tax (“VAT”) on supply of electricity would be reduced from 17.5% to 7.5% on the first 250-kilowatt hours used by households.
Click here to download Policy Note - VAT on Electricity Reduction - Period Extension to March 2024