The Netherlands Enacts Temporary Tax on Excess Income of Electricity Producers
On 24 July 2024, the Netherlands published the Temporary Inframarginal Electricity Tax Act of 17 July 2024 for the introduction of a temporary tax on excess income of electricity producers. Regulations for the implementation of the temporary tax were also published on the same day. The tax is in line with Council Regulation (EU) 2022/1854 and is levied at a rate of 90% on the income of electr…
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