Greece Implementing New Extraordinary Levy (Windfall Tax) on Electricity Producers
The Greek parliament reportedly approved a new extraordinary levy/contribution (windfall tax) on electricity producers on 16 November 2022. A previous contribution was introduced for the period 1 October 2021 to 30 June 2022 at a rate of 90% on calculated excess profits. The new contribution reportedly applies at a rate of 60% for the period 1 August 2022 to 31 July 2023, with 60% of the tax in…
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