The State Revenue Department (SRD) has announced a preferential tax rate for energy resources, effective from March 24th to April 6th, 2026. This decision follows a Government Decision approved during an extraordinary session yesterday, outlining specific goods and implementation timelines. The preferential tax rate will be set at 10 percent for the circulation of fuels during this designated period.
The SRD confirmed that the timeframe for this special tax rate is from March 24th at 00:01 to April 6th at 24:00, 2026. All taxpayers involved in the retail trade of motor fuels and lubricants within specialized stores are obligated to adhere to this schedule. This measure represents a significant adjustment to the existing tax structure, designed to support the energy sector.
The SRD emphasized the importance of compliance for all relevant businesses. This preferential tax rate is a key component of the government’s strategy.
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