Factsheet: Excise duties - taxes biomass - gasoline surcharges

Excise duties - taxes biomass - gasoline surcharges

Key Information
Full name of Instrument & Measure (English): 
Excise duties - taxes biomass - gasoline surcharges
Description: 
Exemption from the sales tax for sugarcane; reduced sales tax for sugarcane molasses; and tax exemption for the revenues from the sale of electricity from biomass produced by power generation companies (the sale of electricity from cogeneration (e.g. from bagasse) to the grid is subject to a 20 percent tax, while the electricity used for own consumption is exempted from this tax (Law No 1215/2008)), subject to environmental and social requirements. As stated in Law No 788/2002, in order to be eligible for this exemption, CO2 emissions certificates shall be generated and sold in accordance with the terms of the Kyoto Protocol, and at least half of the revenues from the sale of these certificates shall be invested in projects with a social benefit in the region where the producer operates.
Goal/Aim: 
incentives that directly or indirectly promote investments in the bioenergy sector

Sector/Topic targeted:

Responsible Authority: 
Ministerio de Hacienda y Crédito Público

Status:

Trade Relevance: 
Policies with direct impact on imports/exports
Year Instrument & Measure Started: 
2002