Commission: Extraordinary tax of at least 33% on refineries

Imposition of an extraordinary tax of at least 33% on the surplus profits of the oil, natural gas, coal and refineries industries is provided for in the draft plan of the Commission to deal with the energy crisis.
tax oil refinery
European Union countries will have until 31 December 2022 to impose this extraordinary tax. The basis will be pre-tax profits in the financial year 2022, which are more than 20% higher than the three-year average, starting in 2019.

This extraordinary contribution to the surplus profits of the refineries will proceed in Greece according to the model of the taxation of the surplus profits of the electricity and natural gas companies.

The money raised from the one-off tax will be returned to consumers in the form of subsidies and rebates, as happened with electricity.

Source: by

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