OrbitaxOrbitax

Greece Implementing New Extraordinary Levy (Windfall Tax) on Electricity Producers

|Approved Changes|Greece
Greece

The Greek parliament reportedly approved a new extraordinary levy/contribution (windfall tax) on electricity producers on 16 November 2022. A previous contribution was introduced for the period 1 October 2021 to 30 June 2022 at a rate of 90% on calculated excess profits. The new contribution reportedly applies at a rate of 60% for the period 1 August 2022 to 31 July 2023, with 60% of the tax initially due by 23 December 2022 for the period 1 August 2022 to 31 October 2022, after which it will…

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.