The Slovak Republic’s Ministry of Finance has launched a public consultation on a proposed bill (No. MF/002387/2024-732); which aims to amend the Excise Duty Act concerning electricity, coal, and natural gas, as well as the Excise Duty Act on mineral oil; on 18 November 2024.
The consultation deadline is set for 6 December 2024.
The amendments shall introduce:
- Streamlining the registration process for qualified consumers already registered as taxpayers;
- Removing special tax provisions for compressed natural gas (CNG) to equalise tax treatment with liquefied natural gas (LNG) and CNG. This means the same tax will apply to natural gas regardless of its form or use;
- Raising the tax rate for natural gas fuel from EUR 9.36 to EUR 10.68 per MWh;
- Reducing the tax rate for liquefied gaseous hydrocarbons (LPG) fuel from EUR 182 to EUR 161 per 1000 kg; and
- Aligning the tax rate for LPG with the tax rate applied to those used as fuel.
These proposed amendments are set to take effect on 1 July 2025.
