You are currently viewing Frank Vandenbroucke’s announcement this Thursday: “The reduction in VAT on gas and electricity is final, the 21% rate will never return”

Frank Vandenbroucke’s announcement this Thursday: “The reduction in VAT on gas and electricity is final, the 21% rate will never return”

  • Post category:Economy News
  • Reading time:3 mins read

The extension until March 31, 2023 of this reduced VAT was announced on Wednesday following the Consultation Committee devoted to energy prices. According to the socialist, who spoke Thursday morning with the VRT (on Radio 1, De Ochtend program), it was actually decided at the federal level to perpetuate this measure, and therefore not to raise the VAT to 21% afterwards. According to him, the decision goes back to a kern organized Tuesday evening before the “Codeco”. “We will make the reduction final (…) A rate of 21% is unfair, because it is a basic right”.

Energy Minister Tinne Van der Straeten (Groen) and Finance Minister Vincent Van Peteghem (CD&V) are to make a proposal by the end of September, which would eventually provide for a different taxation of energy consumption , between small and large consumers, says the Minister. The latter is also expecting an agreement within the same time frame for the recovery of “surplus profits” in the energy sector.