Government approves fuel costs reduction for carriers – publico

 
         

                 

                         
                     

                 

 
 

The government approved at the meeting of the Cabinet on Thursday the reduction of costs for transport companies with fuel. The measure, demanded in the sector because of the rise in the tax on energy and oil products (ISP), covers the freight vehicles, public transport of passengers and taxis.

The expenses incurred by the companies with the purchase of fuel will have an increase to 120% in the deduction in corporate income tax. So far, reminds the Government in the statement of the Council of Ministers, the benefits of this nature were “limited in the sense that they can only reduce up to 10% of the amount of IRC payable by companies.”

The measure was included the state budget, as a legislative authority, to which the Government now take over, changing the Statute of Tax Benefits. To have immediate impact, “the increase covers the fuel supplied from April 2015″. In calculating the IRC payable in 2017 “is increased all the fuel supplied by the industry” this year.

The initiative, argued at a press conference the Deputy Minister of Costa, Eduardo Cabrita, will enable companies “a very significant mitigating the costs of tax changes on ISP”. The tax applied to petrol and diesel was increased by six cents in February, in protest of the automotive sector, and has since been atoned for a cent, following the first revision of the tax that the government has committed to do every three months to follow the evolution of the reference prices and decide any rise or fall of the ISP in fiscal neutrality.

at the meeting of ministers on Thursday also approved a legislative initiative, as announced by the Government to create a special arrangements for commercial diesel next year -. and experimentally in the second half of this year in four border areas

the measure, which aims to eliminate the difference in the tax burden in relation to border posts in Spain applies to freight vehicles with a tonnage of 35 tonnes. The diesel will be cheaper for those who fill in Quintanilha, Vilar Formoso Caia and Vila Verde Ficalho.

With the transporters associations the Government agreed that the tax burden to be borne by commercial diesel fuel will be identical to that applicable in Spain, the minimum level of taxation laid down in European rules (EUR 0,33 per liter).

the legislative initiative comes into force on 1 January next year, but he stressed Eduardo Cabrita, “covers If urgent because contemplates “the introduction of experimental mechanisms in those four border areas.

the Government also approved other tax measures already foreseen in the state budget, impacting the lives of companies, including simplification of rules billing for those who are covered by the special tax regime for small retail businesses.