The introduction in Slovakia of a special tax on Russian oil processed in the country will increase state budget revenues. This proposal was made by the Minister of Finance of Slovakia Igor Matovich.
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Matovic said the special tax could bring about 300 million euros of extra revenue to the state budget, which could cover some of the costs of the measures to phase out Russian oil. According to him, a tax of 30% must be paid on the difference between the price of oil from Russia and the price from other suppliers.
Slovak Economy Minister Richard Sulik said the new tax could lead to higher fuel prices and threatened to veto the proposal.
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