Cabinet approves Bill for 7% VAT on gas supplies from 1 October

On 14 September 2022, the Federal Cabinet approved a draft Finance Bill 2022, a working model for a Bill to temporarily reduce to 7% the VAT rate on gas supplies made through the natural gas grid, and amendments to the Energy and Electricity Tax Act peak compensation scheme. Supplies of gas via other distribution channels, such as tankers or cartridges, will continue to be subject to the 19% standard VAT rate.