Romania Considering Additional Windfall Profits Taxes on Energy Companies

Romania is reportedly planning to introduce additional windfall profits taxes on energy companies in all areas of the supply chain. This would be in addition to the 80% windfall profits tax on the additional income of electricity producers, which was temporarily introduced from 1 November 2021 to 31 March 2023 (extended from 31 March 2022) along with caps on energy prices for consumers up to certain consumption levels. The tax is based on the difference (excess) between the monthly average se…