The new solidarity tax, which is likely to apply from January 1, will apply to the difference between this year’s profit and next year’s and the 2018-2021 average profit for all companies in the oil, gas and refining sectors, if the 2022 and 2023 profits exceed the 2018- 202 years for 20%, writes Economica.net.

Companies will pay next year a solidarity contribution of 60% of the difference between this year’s profit and the average profit of 2018-2021, increased by 20%. After reading the draft the following year, we realized that the 60% was applied to the difference between 2023 earnings and the 2-18-2021 average, plus 20%.

The GEO, which will be adopted by the Bucharest government, transposes the European provision, according to which this surcharge on the profit difference will be applied at the EU level. The GEO, which has not yet been submitted for public discussion, will be adopted at the last meeting of the Executive Council this year, on December 28 or 29.

Read the article on Economica.net