Romania's tax agency drafts bill on windfall revenue tax of energy producers

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Romania's tax collection agency ANAF drafted and published for public consultations a bill for the levy of an 80% tax on the revenues generated by the power products in excess of RON 450 (EUR 90) per MWh (megawatt-hour).

The average price of electricity on the spot market in December, when 40% of the electricity delivered to end-users was purchased from this market, was RON 1,139/MWh and the high price of the CO2 certificates was partly responsible for this, business paper Ziarul Financiar reported.

A windfall revenue tax like the one proposed by ANAF was announced at the end of last year as a source to finance the energy consumer subsidies, which were enforced as of November.

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