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Denmark: EUR 724 million tax reduction scheme to avoid carbon leakage

Description

On 25 October 2024, the European Commission approved a EUR 724 million (USD 782.8 million) tax relief scheme from Denmark. The scheme will support certain companies by reducing the CO2 emissions tax r...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2025

Revocation date

31 Dec 2033

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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