Constitutional Court definitively overturns decree on tax for energy generators
The Constitutional Court definitively overturned the tax that the National Government had established on the profits of electricity-generating companies through an economic emergency decree.
TL;DR
- The Constitutional Court has definitively overturned a government tax on electricity generation companies.
- The tax, established via an economic emergency decree, had a rate of 2.5% on company profits.
- The court ruled that the tax lacked constitutional foundation.
- The government's objective was to use the funds to pay debts of Air-e owed to energy generators.
- The Constitutional Court ordered the National Government to return all collected funds to the companies within six months.
- The National Association of Generating Companies (Andeg) praised the decision as a demonstration of judicial independence.