Belgium Plans Temporary Power Tax Cut to Contain Energy Bills

Belgium agreed to extend tax breaks aimed at containing energy bills to middle- and high-income residents as high prices continue to take an outsized toll on consumers.

The government is planning a combination of a one-time rebate and a temporary cut in the value-added tax rate that may get extended in a move to shift taxation to natural gas from power.

The VAT rate on power will drop to 6% from 21% for four months starting March 1, and every household will also receive a one-time rebate of 100 euros ($113) on their electricity bill, Prime Minister Alexander De Croo ...