Serbia rolls out ecotax – firms to pay up to EUR 17,000 per year
The Government of Serbia adopted a directive dividing the corporate sector into three categories according to environmental impact and imposed ecological taxation. Firms are in four groups with regard to size. Persons taxable with property tax were also included at the bottom, with a levy of RSD 1,200 (EUR 10.2) per annum. The ecotax was […]
Bucharest to introduce oxygen vignette, ban high-polluting cars from parts of city
Bucharest authorities are introducing a special tax called the Oxygen vignette for cars not meeting the Euro 5 standard, portal Romania-insider has reported. Depending on the Euro standard of the engine, some vehicles will be banned from entering parts of the city, while others will have to pay to enter. Bucharest is the sixth most […]
Serbia to lower tax burden on hybrid vehicles as of January 1, 2020
Owners of hybrid vehicles will not pay tax on the use of motor vehicles as of January 1 next year. This change is part of a bill on taxes on the use, possession, and carrying of goods adopted by the Government of Serbia. According to the text of the bill, the introduction of a tax […]
Turkey: No energy consumption taxation for self-generators
The Turkish Constitutional Court has ruled that self-generators should not pay energy consumption tax to municipalities. The decision is significant for the entire energy sector and individuals generating their own energy, including from renewable energy sources (prosumers). Attorneys at law of CMS in Turkey explain how. The Turkish Constitutional Court recently decided that municipalities should […]
EEO Scheme Model developed for BiH, energy efficiency investment potential estimated at EUR 2.55 billion
The Energy Efficiency Obligation (EEO) Scheme Model for Bosnia and Herzegovina (BiH), developed by the USAID Energy Investment Activity (EIA) Project together with relevant ministries and other government institutions, is designed to significantly improve the way efficient energy production is financed. A survey has shown that the majority of respondents support the idea of financing […]
EFET urges Romania to scrap tax hike for electricity sector
The European Federation of Energy Traders (EFET) has called on the Romanian government to urgently suspend the enforcement of the turnover tax for the electricity sector because it would lead to an unprecedented increase in turnover fees by 2,000%. According to Romanian media, the government decision which came into effect on December 29, 2018 introduces […]