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EU considers electricity revenue cap and windfall tax as part of emergency package

|Tax Alerts, Legislation & Policy, National/Federal Taxation, Mining & Metals, Oil & Gas, Power & Utilities|European Union
European Union
  • The European Union (EU) is considering the introduction of two tax-related emergency measures as part of a package to mitigate high energy prices.

  • The European Commission (the Commission) is planning to publish proposals by mid-September 2022 which are expected to be adopted by EU Member States by the end of September.

  • Businesses in the energy sector should watch developments closely and consider the tax implications of the EU’s energy package and the interaction with their current structure wh…

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