Lithuania Gazettes Regulation Establishing Windfall Tax, Solidarity Contribution for Electrical energy Manufacturing Corporations

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The Lithuanian Official Gazette Dec. 23, 2022, revealed Regulation No. XIV-1680, establishing a windfall tax and solidarity contribution for electrical energy producer firms, underneath EU Regulation 2022/1854. The legislation consists of measures: 1) making use of a 90 % windfall tax on surplus income from electrical energy manufacturing; and a pair of) establishing a brief 33 % solidarity contribution on taxable income within the yr 2023, for the crude oil, pure fuel, coal, and oil refining sectors. The legislation enters into power and customarily takes impact Jan. 1. [Lithuania, Government Legal Database, 12/23/22]

Reference: View Regulation No. XIV-1680 of 12/15/22, Official Gazette No. 26615. View Index …



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