THE DEPARTMENT OF Energy estimates that a new, temporary tax on windfall gains in the energy sector will raise between €200-€450 million.It also applies for last year, as well as this year.
In a statement today, the Department noted that the war in Ukraine “has led to significant increases in wholesale natural gas prices”.Advertisement The Department estimates that a tax on these windfall gains will be in the range of €200 million to €450 million. Companies within the scope of the Act are required to register with the Revenue Commissioners by 30 August.
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