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Slovak Republic Increases Solidarity Contribution on Oil Companies

|Approved Changes|Slovak Republic
Slovak Republic

The Slovak Republic has published Law no. 124/2023 of 22 March 2023, which increases the solidarity contribution on oil companies introduced by Law no. 519/2022 of 22 December 2022. The contribution is based on Council Regulation (EU) 2022/1854 of 6 October 2022 and was originally introduced at a rate of 55% on excess profits of companies involved in oil and gas extraction, the production of coke oven products, the manufacturer of refined petroleum products, etc. As provided by Law no. 124/…

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