Association of Petroleum Companies wants government to review fuel excise policy
The Association of Petroleum Companies of Serbia (AOCS) has prepared several options regarding the modification of the excise policy on fuel, in order, as they say, mainly to reduce the burden on companies, but also to use the potential available to increase fuel turnover.
Serbian energy excise tax policy has long had to be reviewed, said AOCS, which recently presented its proposals to the finance ministry.
“We are not looking at the whole one-sidedly, so we will propose changes that will contribute to the growth of budget revenues in the medium and long term,” said the secretary general of AOCS. Tomislav Micovic, for the Balkan Energy site.
With the increase in the price of petroleum and petroleum derivatives at service stations, individuals, but also the economy as a whole, are faced with an increase in the cost of fuel.
In Serbia, 50% and more of the price of petroleum products are state taxes, excise duties and various other duties.
When asked where Serbia stands in terms of collecting excise duties on petroleum products compared to others, Micovic said:
“It makes sense to compare us to countries that have a GDP per capita comparable to that of Serbia and these are the countries in our immediate environment. When it comes to diesel, the fuel that drives the economy, we have the highest total rights of any country in the region. We are the first in Europe by the amount of duties on liquefied petroleum gas. Only the duties on petrol are slightly lower than the European average and they are in third place compared to the countries of the region ”.
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