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News Belgian government lowers VAT on insulation

Belgian government lowers VAT on insulation

Written by Global Insulation staff
07 June 2022
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Belgium: The government has reduced value-added tax (VAT) on insulation to 6% from 21%. The measure aims to reduce national natural gas consumption in order to be prepared for any future shortage. Belgium is 6% reliant on Russia for its gas supply. Utilities companies supplying the Benelux region have declined to settle their bills with Russia-based producer Gazprom in Russian Rubles, so face a shut-off. Energy Minister Tinne Van der Straeten said that the Port of Zeebrugge was ready to begin imports of liquefied natural gas (LNG) from the US and elsewhere.

Van der Straete called on Belgians to ‘Insulate your homes, isolate Putin.’

Last modified on 14 June 2022
Published in Global Insulation News
Tagged under
  • Belgium
  • government
  • gas
  • tax
  • fossil fuels
  • Russia
  • US
  • import
  • trade
  • liquefied natural gas
  • port
  • currency
  • GGM48

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