Home » Business » Agricultural oil: On April 1st the advance payment – 2024-03-14 07:02:13

Agricultural oil: On April 1st the advance payment – 2024-03-14 07:02:13

On Monday, April 1st, the advance payment for his return will be made Excise Tax in agricultural oil, as stated in the decision published in the Government Gazette.

Beneficiaries are the natural persons who have submitted a Single Aid Application (EAA) for the years 2023 and 2024, have been registered in the Register of Farmers and Agricultural Holdings (MAAE) from January 1, 2024 to October 31, 2024 and have been granted the status of “professional farmer” or “professional farmer as a new entrant to the agricultural sector”.

According to the decision, the subsidized quantities of motor oil, for which the EFC for the year 2024, per eligible person, are calculated, based on the quantity of motor oil determined to be required to carry out any type of work related to a crop or group of crops as well as to each category or species of livestock and correspond to 50% of the maximum quantities of motor oil determined by the mechanical employment indicators (required energy) and according to the data of the Single Aid Application (EAE) of the year 2024.

For those who have suffered catastrophic damage due to the intense flooding phenomena of the previous year, if the quantities of motor oil based on the EAE of the year 2024 fall short of more than 30% of those based on the EAE of the year 2023, the EAE of year 2023.

To calculate the amount of the VAT refund, the VAT rate is applied in relation to the total quantities, i.e. 0.41 euros per liter.

Source: RES-MPE

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