OrbitaxOrbitax

EU Regulation for Cap on Market Revenues and Windfall Profits Tax Published for Energy Sector

|Approved Changes|European Union
European Union

Council Regulation (EU) 2022/1854 on an emergency intervention to address high energy prices was published in the Official Journal of the EU on 7 October 2022, following its final approval on 6 October. As previously reported, the main aim of the Regulation is to collect and redistribute the energy sector's surplus revenues to final consumers through a cap on market revenues for so-called inframarginals, and an excess profit tax for the fossil fuel sector.

Cap on Market Revenues for Infra…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.