Belgian Council of Ministers Approves Temporary Solidarity Contribution Payable by the Oil Sector

A release from the Belgian Council of Ministers was issued on 28 October 2022, announcing the approval of a draft law for the introduction of a temporary solidarity contribution payable by the oil sector. The temporary solidarity contribution is payable by two categories of companies.

Firstly, it is payable by registered oil companies that are active in the refining sector and have refining capacity in Belgium. The amount of the contribution payable by these companies is set at EUR 6.9 eur…