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Greek Ministerial Decision on Application of Extraordinary Levy (Windfall Tax) on Electricity Producers

13 September 2022

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Approved Changes

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Greece

On 5 September 2022, Greece published a joint Ministerial Decision from the Ministers of Finance and Environment and Energy on the application of the extraordinary levy/contribution (windfall tax) on electricity producers that was announced by the Prime Minister in May 2022 and approved as part of Law No. 4936/2022. The extraordinary levy is a one-time levy imposed on the increase in the gross profit margin from the participation of each electricity production unit of producers in the electricity markets, with certain exceptions, for the period 1 October 2021 to 30 June 2022. The levy is calculated on a monthly basis...