Latest news and stories about energy taxes in Portugal for expats and residents.
Portugal, Spain, Italy, Germany, and Austria have already asked Brussels to resume taxing energy companies that are 'profiting from the consequences of the war'.
The European Commissioner for the Economy stated today that potential taxes on the windfall profits of energy companies, as requested by Portugal, could “generate additional revenue,” and warned of the “profound economic uncertainty” related to the conflict in the Middle East.
The EC confirms it is analysing the joint letter from the Finance Ministers of Portugal, Germany, Spain, Italy and Austria, but warns: the situation is different from the 2022 crisis.
Miranda Sarmento and other EU ministers want taxes on the extraordinary profits of energy companies resulting from the conflict in the Middle East. And has Leão XIV shown signs of life?
Austria, Germany, Italy, Portugal and Spain want extra corporate profits generated during the Mideast conflict to be distributed fairly.
VAT on fuel, electricity, and natural gas will be reduced in Spain from 21% to 10%, thanks to a “drastic reduction in energy taxation” package aimed at responding to the impact of the war in the Middle East. Margarida Davim believes that all these measures leave the Montenegro Government “under significant pressure”.
