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Swedish Proposal for Tax on Excess Income of Electricity Producers

|Proposed Changes|Sweden
Sweden

The Swedish Ministry of Finance has published a proposal for the introduction of a Temporary tax on the excess income of certain electricity producers. The tax is in line with Regulation (EU) 2022/1854 of 6 October 2022 and would be levied at a rate of 90% on the income of electricity producers exceeding SEK 1,957 per megawatt-hour. As proposed, the tax would only apply from March to June 2023.

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