SHOCK – a Ticking time BOMB the taxes on fuel

It’s not coming out the account that has made the ministry of Finance, with regard to the…
revenue from the taxation of fuel, despite the consistently low retail price, sales are decreasing month by month, opening “holes” in the Budget.
Despite the fact that the semester is “closed” in excess of 730 million. euro in tax revenue, makes eye the lag from the field of petroleum products: the revenue from VAT on fuel have lag 140 million. euro and the revenue from the excise tax on other 33 million. euro.
A look at the data of the Statistics highlights the problem. In April the volume of sales in the industry of fuels decreased further by 6.1% and if we include the losses of the first quarter, then we’re talking about a fall in the volume of sales by 6.6%.
With these data, the performance of the ψηφισμένης increase in the excise tax on fuel – starting from mid-October with the heating oil – from the beginning of next year, is in doubt, especially if confirmed estimates that international oil prices will stabilise at slightly higher levels than today. It is recalled that with the last enabling law have been launched, the following increases in excise tax on fuels since 1 January:
petrol: from eur 0.67 to 0.70 euro a litre
diesel fuel: from eur 0.33 to 0.41 euro a litre
lpg: 0,33 euro 0.43 euro per kilo
oil heating (from 15/10): from eur 0.23 to 0.28 euro per litre
At the same time causes a sense of the incredible excess revenue of eur 404 million. euro from the excise tax on other products. Sources of the GAO report that is the result mainly of rush customs clearance of tobacco – that is crazy stockάρισμα – in light of the new tax increase on cigarettes from 1 January. It is recalled that, comes an increase in the proportional tax to 26% from 20%, which according to the experts of the industry will bring an increase of 40 – 50 minutes per pack.