A new carbon tax is on the way, the government confirmed on Tuesday, at a time when households are already heaving under the pressure of rising fuel prices impacting the cost of living.
Permanent secretary at the finance ministry Giorgos Panteli told the Cyprus Mail that the new tax on fossil fuels is part of the so-called ‘green transition’ and comes as part of Cyprus’ commitments to the European Union – specifically the commitments under the national Recovery and Resilience Plan.
On paper, the government should impose the carbon tax by the end of 2023. But Panteli said that, in practice, Cyprus can get a small extension on that deadline.
“Probably sometime in the first quarter of 2024,” he said.
https://cyprus-mail.com/2023/10/03/new-tax-on-the-way-for-fuel/