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Finance Minister Constantinos Petrides said on Thursday that the Government has notified the EU’s VAT Committee over its intention to reduce VAT on household electricity bills from 19% to 9% for a three-month period and called on Parliamentary parties to avoid proposing bills that could hugely affect public finances. The move follows a recent Cabinet decision to reduce VAT on electricity bills of vulnerable households from 19% to 5% for six months and a reduction of 10% in place until February …
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