Román Rodríguez, vice president and Minister of Finance, Budgets and European Affairs, today signed the order for the return of 99.9% of the fuel tax to Canary Islands transporters, farmers and ranchers until next July 31 and with retroactive effects from March 1. Rodríguez specified today that the exceptional measure is adopted to alleviate the production costs of these sectors, multiplied by the increase in fuel prices.
The tax is currently 26.5 cents per liter in the case of gasoline and 22.2 cents in the case of diesel. Of these amounts, the Government has been returning 68% to transporters, farmers and ranchers since 1986, a return that now and until July 31 will be practically complete.
Given that the IGIC on fuel is taxed at 0%, this means that transporters will not be subject to any taxation until July, while in the other autonomous communities a VAT of 21% is applied.
Rodríguez insisted today on the specific, temporary and sectoral nature of the measure adopted, compared to generalized tax cuts, which he opposes because "they seriously affect the provision of essential public services and prevent the administration from adequately assisting the weakest".
