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Parliament approves new energy taxes starting July 2008

As of July of next year, suppliers and consumers will pay excise tax on
electricity, coal and natural gas, according to the draft bill that the Slovak Parliament approved on November 28. Households are to be exempt from this tax.

The electricity the would be two hellers per kilowatt hour (kWH) from July 1, 2008 until the end of 2009. As of 2010, the tax would double.

Apart from households, manufacturers would be exempt when electricity costs make up more than half of their total production costs. The tax would not apply to energy produced from renewable resources.

Estimated revenues from excise taxes on electricity, coal and natural gas in 2008 are projected to be Sk300 million.

-SITA

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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