Rodríguez signs the extension until December 31 of the refund of 99.9% of the professional fuel tax
The vice president and advisor specifies that transporters, farmers and ranchers will receive back 26 cents per liter of gasoline and 22 cents per liter of diesel
“This is the type of action that the Government defends as being very effective in helping the sectors most affected by inflation,” he emphasizes.
The Canarian Vice President and Minister of Finance, Budgets and European Affairs, Román Rodríguez, yesterday signed the order extending until December 31 of this year the refund of 99.9% percent of the special tax on fuel to transporters, farmers and ranchers of the Archipelago.
Rodríguez explained that this measure perfectly reflects the commitment of the autonomous Executive with the sectors most affected by the increase in prices and exemplifies the type of actions that are effective in the current economic scenario, with specific, specific and temporary fiscal adjustments.
The Government of the Canary Islands initially approved the extension of the refund on March 25, when it was raised from 68% to 99.9%, in response to the difficulties of those sectors most exposed to the use of fuel.
Rodríguez highlighted the high impact of this measure, since professional transporters, farmers and ranchers will not pay taxes on the purchase of fuel, since, regardless of this bonus, the IGIC rate to be applied is 0, "when 21 percent VAT is applied in peninsular territory."
The order signed yesterday by the counselor emphasizes that the refund of the tax "constitutes an element that technically must have a positive impact on consumer prices" and that "therefore, in the current situation it must be temporarily enhanced through an increase in its amount."
The partial refund of the Special Tax on Fuels Derived from Petroleum is included in its own regulatory law, which dates back to July 1986. It specifies that farmers and transporters will have the right to a partial refund of the tax on gasoline and professional diesel used by vehicles that are involved in the development of agricultural, livestock and transportation activities (discretionary and regular for travelers, goods and taxi drivers) and whose data is duly registered in the Census of Farmers and Transporters.
Since 1986, the Canarian Government has returned 68% to transporters, farmers and ranchers, a return that now and until December 31 will be practically complete.
Since the tax is currently 26.5 cents per liter for gasoline and 22.2 cents for diesel, transporters will now receive the same amount back, while previously they received 18.02 cents and 15 cents per liter, respectively.
