New energy tax surfaces for “green” electricity generators

The government is quietly considering introducing a new energy tax on electricity generators. The idea is to charge a progressive tax on all generators. According to the announced draft of the law, the rate would be: 11% for wind, 13% for thermal / solar generation and 19% photovoltaic. The current tax of 15€ per MW/H on hydroelectricity production will stay the same. The assumption is that since these generators don’t pay any taxes for their Continue reading New energy tax surfaces for “green” electricity generators

IVA goes up 1st of September

It’s official  and the decision has finally been taken : IVA will go up on the 1st of September. The government had wanted to bring in the measure on Monday, but was finally convinced by the industry that this was simply not practical. A further hinderence was the refusal by the Tax Inspectors of Hacienda to work any overtime during the August holidays. The 4% taxband remains the same. The 8% band goes up to Continue reading IVA goes up 1st of September