Political events shall be confronted with a brand new dilemma early in 2022 after they should take a stand on the VAT on electrical energy invoice which President Nicos Anastasiades has vetoed.
On December 3, opposition events voted in a invoice offering for the minimize of VAT on electrical energy payments from 19 per cent to 9 per cent throughout the board for an indefinite interval.
However as anticipated, the President vetoed it arguing the invoice violated EU laws, the separation of powers, and would even have a huge effect on the state’s funds.
The Parliament should determine on the referral by January 5, 2022 on the newest and after the Home Finance Committee convenes first.
It appears that almost all of the opposition will reject the revision of the regulation and because of this the Supreme Court docket to which the laws shall be referred ought to have the ultimate say.