Cut of excise duties, extension arrives (but only until 5 October) – Corriere.it

The cut in excise duties has been extended. The Minister of Economy, Daniele Franco, and the Minister of Ecological Transition, Roberto Cingolani, have signed the inter-ministerial decree extending the measures currently in force to reduce the final price of fuels until 5 October. The cut of 30 cents per liter for gasoline, diesel, LPG and methane for motor vehicles is thus extended up to that date. Lin fact, the measure was due to expire until 20 September.

Recovery of taxes on extra profits

The ‘discount’ will therefore be extended for 15 days instead of the 30 initially assumed with a cost that should be around 500 million (a month discount costs about 1 billion) .A decision taken by the government due to the difficulty in finding adequate resources. A problem that the Mef technicians have tried to remedy with a series of political meetings. Meanwhile, on August 31, the deadline for energy-intensive companies to pay the advance tax on extra-profits (equal to 4.2 billion euros) expires, even if delays have already been reported. By the same date, therefore, companies that have not done so have the opportunity to comply with payments by applying ultra-discounted penalties. From the following day, however, according to the Aid bis decree, the penalty doubles from 30% to 60%.

Resources

Once the tax revenues of July and August have been accounted for (about 5-6 billion) and the extra profits not paid on account have been recovered, the government will have substantial resources available that can be used for new interventions on fuels.. Among the measures on the government table there will also be the discounted cig, ie without paying the additional cash, for the sectors most affected by expensive energy and the scarcity of raw materials (expired on May 31st).

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