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Danish Parliament Approves Carbon Tax Legislation for Green Tax Reforms

  • The Danish Ministry of Taxation has approved green tax reforms through the implementation of Bill L 182 and Bill L 183.
  • Starting from 2025, CO2 tax changes will be phased in, resulting in different rates by 2030. Companies not covered by the EU Emissions Trading System (EU ETS) will face a rate of DKK 750 per tonne, while companies covered by EU ETS will have a rate of DKK 375 per tonne. Mineralogical companies will be subject to a rate of DKK 125 per tonne.
  • The reforms also allow companies to claim a deduction for the CO2 they capture and store, incentivizing carbon capture and storage initiatives.

Source Orbitax



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