Law of 5 February 1995 Instituting the Variable Excise Duty on Petroleum Products

Law of 5 February 1995 Instituting the Variable Excise Duty on Petroleum Products

Legislative Body of Haiti • 1995-02-05 • 5 pages
Summary: The law of 5 February 1995 instituting the variable excise duty on petroleum products. It is the statutory basis of the single most consequential tax instrument in Haitian public finance: the margin between the import cost of fuel and the pump price, which has been alternately a major revenue source and, when prices are frozen, a large implicit subsidy.
Key Findings
Full Description

The law of 5 February 1995 instituting the variable excise duty on petroleum products, recovered from the SGCM archive.

The duty is variable by design: it is the residual between the landed cost of imported fuel and the administered pump price, so it rises when world prices fall and compresses, or turns negative, when they rise and the government holds the pump price. That mechanism is why fuel pricing sits at the centre of every Haitian fiscal negotiation, why the corpus's monthly petroleum-product structures matter, and why a pump-price adjustment is a budget event.

The corpus holds the monthly MEF price structures that apply this duty and the analyses that argue about it, but not the instrument that created it.

Sectors
Geography
Time Coverage
1995 to 1995
Entities
Corps Législatif d'HaïtiMinistère de l'Économie et des Finances (MEF)Bureau de Monétisation des Programmes d'Aide au Développement (BMPAD)

How to cite

Legislative Body of Haiti, Law of 5 February 1995 Instituting the Variable Excise Duty on Petroleum Products, https://www.mef.gouv.ht/

Rights holder
Government of Haiti