Year:2001 (amended 2004)
Policy status:Superseded
Date Effective:2001 (amended 2004)
Policy Type:Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:Transport, Energy Sector>Electricity Generation>Renewable>Bioenergy
Agency:Ministry of Finance snd Economy
Legal References:Art 21,22 Finance Law 2001
Funding:170 M Euro for the year 2001

The 2001 Financial Law established tax incentives for biofuel production, which were approved for biodiesel by the European Commission in 2002. For a three-year period from 2001 to June 2004, biodiesel was granted a 100% exemption from excise tax (EUR 403.21 per 1000L); the amount of biodiesel eligible for the subsidy increased from 125 000 tonnes in 2000/2001, to 300 000 tonnes from 2001/02 - 2003/04. From 2005 onwards, biodiesel benefits from a tax relief of 80%, meaning biodiesel is taxed 20% of the EUR 423 per cubic meter normal consumption tax. The biodiesel production quota eligible for the exemption reduced to 200 000 tonnes in 2005, increasing to 220 000 tonnes in 2006.

This record is superseded by:Biofuels aid scheme: quotas

Last modified: Thu, 14 Mar 2013 14:18:07 CET