The Dutch government announced that in addition to the Netherlands,
the excise duty on petrol on Bonaire, St. Eustatius and Saba will be
temporarily reduced by 16 USD cents from the 1 st of April until the end of
the year. This measure is part of the package that the Netherlands made
available to mitigate the effect of rising energy prices in the Caribbean
Netherlands.
This means that until the end of the year the excise duty on petrol in the
Caribbean Netherlands is being reduced by 16 USD cents per liter. In the
Caribbean Netherlands no excise duty is levied on diesel. As of the 1 st of April
the excise duty on a liter of petrol is (rounded to) 16 USD cents on Bonaire
and 8 USD cents on St. Eustatius and Saba.
The public entities on Bonaire, St. Eustatius and Saba will redefine the petrol
prices on the basis of the excise duty reduction and will communicate about
this.
In total, the Dutch government makes 5 million euro available for the
Caribbean Netherlands. 1,7 million euros of this is earmarked for tax
measures such as excise duty: which will be used to temporarily reduce the
excise duty on petrol.
The excise duty reduction is regulated via a policy decision and soon after will
be submitted to the Dutch House of Representatives via fast-track legislation.
This will happen simultaneously with legislation for the excise duty reduction
on petrol and diesel and the VAT reduction on energy in the European part of
the Netherlands.
- Friday, October 18, 2024
