The Government wants the European Commission to move forward again with an extraordinary tax on the excess profits of energy companies, reviving the logic of the European regulation approved in 2022 to respond to the shock caused at the time by the war in Ukraine. In a letter dated April 3, the Finance Ministers of Portugal, Germany, Italy, ...
Montenegro revives Costa's tax on extraordinary energy profits
Saturday, 4 April 2026RSS
Context & Explainers
- Minister of State and Finance (2024–present)
- Party: Social Democratic Party (PSD), Partido Social Democrata
- Background: Economist, university professor (ISEG)
Joaquim Miranda Sarmento is Portugal's Finance Minister in the AD government led by Luís Montenegro. An economist and professor at ISEG (Lisbon School of Economics & Management), he served as PSD parliamentary group leader before joining the government.
As Finance Minister, he oversees the state budget, tax policy, public debt management, and fiscal relations with the EU. His decisions on tax brackets, IRS withholding tables, housing incentives, and public spending directly affect residents' cost of living and investment climate.
The European Commission is the EU’s executive body based in Brussels that proposes legislation, enforces EU rules and manages day‑to‑day EU policies; it is led by a President, currently Ursula von der Leyen. Commission proposals on harmonising business rules or introducing preferences can directly affect trade, regulation and competitiveness for companies and residents across all member states, including Portugal.
AI Summary AvailablePortugal joins EU push for energy windfall taxRead the synthesized summary with context and explainers
View full article on eco.sapo.ptRSS source
Other news coverage of this topic
- What are good accounts for? • Correio da Manhã
- Once again, the Portuguese government is waiting for Brussels to solve its problems • CNN Portugal
- Tax on extraordinary profits of energy companies "is a good way to fund support packages for families" • CNN Portugal
- Portugal requests authorisation from Brussels to create a tax on extraordinary energy profits • Público
- Portugal and four other countries want a tax on energy companies' windfall profits • ECO
- Portugal among five EU countries calling for a windfall tax on energy companies • RTP Notícias
- Miranda Sarmento and four other EU ministers call for a windfall tax on energy company profits • Dinheiro Vivo
- Portugal and four other countries want a tax on extraordinary energy profits • Correio da Manhã
- 5 countries ask Brussels to tax energy companies benefitting from Iran crisis • POLITICO Europe
- Portugal among five EU countries calling for a windfall tax on energy companies • RTP Notícias
