We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
Automated tax workflows with secure APIs.
Collaborate securely on your tax data
Share This Article
|
|
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 electricity producers exceeding prescribed exempt amounts per MWh. The exempt amount is generally EUR 130 per MWh, although higher exempt amounts of EUR 240 per MWh and EUR 285 per MWh apply for...