The minister of taxation, Jeppe Bruus, has announced that 1.2 billion DKK will be collected from energy companies as extra tax from the abnormally high profits. The minister also announced that the money will be returned to citizens via the inflation aid that is coming this spring.
- A solidarity tax on oil and gas companies (33% extra on part of the profit in 2023) would bring 800 million DKK to the state budget.
- Electricity producers (with the exception of district heating plants and small renewable energy producers) will be taxed extra on the revenue earned between December 2022 and June 2023 – this would also bring 400 million DKK to the state.
- The legislative proposal for extra tax comes from the European Union. It was proposed in Brussels in the autumn. Barely now, it has been proposed as a law in Denmark.
- At the moment, energy traders (intermediaries) are exempt. However, there is political pressure to include them in the extra taxation law as they made huge profits (10 times more than usual) last year.
