Belgium considers to add tax on energy firms over EU emergen...| MENAFN.COM

Saturday, 26 November 2022 03:48 GMT

Belgium considers to add tax on energy firms over EU emergency strategy

(MENAFN) Belgium considers striking additional taxes on energy firms than the EU’s emergency strategy, causing in more than €4.7 billion (USD4.6 billion) in additional incomes for the state to control the financial disaster, local media mentioned in a report on Monday.

The Belgian federal government issued an offer that targets to tax excess incomes of firms outputting energy at an inframarginal price which goes way over the strategy EU nations accepted on Friday.

The fresh EU guidelines permit for extending the time and income limit, Deputy premier Petra De Sutter informed at the morning program of the Radio1 broadcaster.

While the EU energy ministers got into a political arrangement on a text that agrees to limit incomes at €180/megawatt-hour for electricity producers that profit from considerably less output expenses than the market price established because of the present crisis, for example nuclear or renewable energy firms, Belgium strategies to enforce the tax as of 130 euros/MWh.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.