In July 2021, the EU Commission presented ambitious measures to achieve climate targets as part of the “Green Deal”: Starting as early as 2023, energy products are to be taxed according to their impact on the environment and health. Additional tax burdens may arise under the planned Carbon Border Adjustment Mechanism, levying import fees on certain high-energy products such as iron, steel and aluminum from third countries.
In parallel, the Austrian federal government has introduced a national CO2 tax as part of their eco-social tax reform. These new regulations will particularly affect trading participants such as the manufacturers and suppliers of energy products. However, these regulations are also of crucial importance for energy-intensive or emission-intensive industries purchasing these energy products. They have to fear a massive increase in energy costs and, consequently, in production and manufacturing costs. A central question in this context is under which conditions a CO2 tax refund is possible.
Our experts are happy to support you in the implementation and optimization of Green Taxation.
- Energy taxation (e.g. CO2 tax, energy taxes, Carbon Border Adjustment System)
- Assessment of the concrete effects on your business and of potential optimisation options
- Support with regard to compensation options for businesses (e.g. carbon leakage, measures available for hardship situations)
- Support with regard to reporting and disclosure obligations
- Interrelationships with existing energy taxes (e.g. mineral oil tax)
- Effects on other tax aspects (e.g. transfer pricing/corporate income tax)