SANTA CRUZ DE TENERIFE, Dec. 26 (EUROPA PRESS) –
The Vice President of the Canary Islands and Minister of Finance, Budgets and European Affairs, Román Rodríguez, has signed the order for the extension until June 30, 2023 of the refund of 99.9% of the special tax on fuels derived from petroleum to carriers, farmers and ranchers.
Román Rodríguez wanted to recall that his department approved on March 22 of this year – retroactively to the first day of that month – an extension of the tax refund from 68% to 99.9% and that the circumstances that motivated that decision did not have changed, “so the extension of the measure is logical”.
Specifically, the signed order establishes that “the reasons that motivated the temporary extension of the application of the increase in the percentage refund of the Tax that is levied on professional gasoline used in hybrid electric vehicles and bi-fuel vehicles that are affected by the development of the agriculture and transportation activities, and professional diesel used in machinery, appliances, and vehicles that are used in the development of agriculture and transportation activities.
Rodríguez also specified that since the order was activated and until last October – the latest exact data available – the Government has returned a total of 37 million euros for the tax, while the forecast from October to June 2023 – based on an estimate based on real data – stands at around 38 million euros.
“Our calculations place the tax cost of the return at around 75 million euros,” said the vice president, who framed the initiative within the set of selective and temporary tax relief measures that the Ministry of Finance has adopted to help the most vulnerable, in this case those most exposed to inflation”.
This order also allows professional transporters, farmers and ranchers not to pay taxes on the purchase of fuel, since, regardless of this refund, the IGIC rate to apply is 0.
The partial refund of the special tax on fuels derived from petroleum is included in its own regulatory law, which dates from July 1986. It specifies that farmers and transporters will be entitled to a partial refund of the tax on gasoline and diesel professional used by vehicles that are involved in the development of agriculture, livestock and transport activities (discretionary and regular for travelers, merchandise and taxi drivers) and whose data is duly registered in the Census of Farmers and Transporters.
Since 1986, the Canarian Government returns 68% to carriers, farmers and ranchers, a return that now and until June 30 will be practically complete.
The tax is 26.5 cents per liter in the case of gasoline and 22.2 cents in the case of diesel.
