Malta Chamber of SMEs meets Opposition Leader Bernard Grech
15 January 2021
The Malta Chamber of SMEs has officially met Opposition Leader Dr Bernard Grech to discuss...
The European Commission has launched a debate on a revision of the current Energy Taxation Directive (2003/96/EC of 27 October 2003), which aim:
To introduce a second pillar of energy taxation based on CO2 emission next to the existing taxation of energy consumption (other types of energy taxation the new CO2 taxation should cover the same energy products, which fall under the scope of Directive 2003/87/EC (Emission Trading scheme – ETS), but must exempt all cases, which are subject to the ETS: The CO2 taxation should be complementary to the ETS and the CO2 tax should be paid by all energy users, which are not covered by the Emission Trading Scheme. This mean it will mainly cover the agriculture and transport sector.
For the new CO2 tax, which should be obligatory for all Member States, the Commission proposes a minimum level (between 0.01 and 0.03 €/kg CO2).
Energy from biomass will be exempted from taxation.
Furthermore, some exemption in the current Energy Taxation Directive should be deleted or adopted (i.e. treatment of coal, exemption for gas oil used for heating, lower levels for energy used in the agriculture sector.
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