Factsheet: Fuel Tax

Fuel Tax

Key Information
Full name of Instrument & Measure (English): 
Act on Excise Duty on Liquid Fuels (1472/1994)
Full name of Instrument & Measure (native language): 
Laki nestemäisten polttoaineiden valmisteverosta 29.12.1994/1472
Description: 
In Finland fuels are taxed according to their use. Excise duty on liquid fuels is collected on all types of fuels, including biofuels. The latest amendment to the Act of Excise Duty on Liquid Fuels sets out a taxation system, according to which each component of a liquid fuel is taxed separately, based on its energy content and carbon dioxide emission, meaning reduced taxation for biofuels.
Goal/Aim: 
Stimulate low carbon fuels in transport
Responsible Authority: 
The Ministry of Finance and Customs of Finland

Status:

Year Instrument & Measure Started: 
1995
Year Last Instrument & Measure was last Amended: 
2014