An amendment to the law governing electricity and natural gas (passed by parliament and published in the official journal in late July 2020) imposes a 90% tax on the difference between the actual purchase price of natural gas and the price imposed as a regulated price—a “windfall profit tax.”
The “windfall profit tax” will apply only for natural gas having certain purchase prices, and the revenue from this tax will be used to establish a fund to be used for the benefit of “vulnerable consumers” of natural gas.
This tax measure is effective from 30 July 2020 until 30 June 2021.
Read a July 2020 report prepared by the KPMG member firm in Romania
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