Romania Implements Windfall Tax on Fossil Fuel Sector
Romania has published Emergency Ordinance no. 186 of 28 December 2022 in the Official Gazette, which provides for the implementation of a solidarity contribution (windfall tax) on surplus profits in the fossil fuel sector based on Council Regulation (EU) 2022/1854. The solidarity contribution is payable by companies operating in the crude oil, natural gas, coal, and refinery sectors at a rate …
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