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Greek Ministerial Decision on Application of Extraordinary Levy (Windfall Tax) on Electricity Producers

|Approved Changes|Greece
Greece

On 5 September 2022, Greece published a joint Ministerial Decision from the Ministers of Finance and Environment and Energy on the application of the extraordinary levy/contribution (windfall tax) on electricity producers that was announced by the Prime Minister in May 2022 and approved as part of Law No. 4936/2022. The extraordinary levy is a one-time levy imposed on the increase in the gross profit margin from the participation of each electricity production unit of producers in the electri…

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