The European Commission has found a 12-months phasing-out of excise duty reductions granted by Belgium to seven biofuel producers to be in line with EU state aid rules.
The seven producers, who were selected in 2006 following a call for application, will continue to benefit from the reduction until 30 September 2014 for a limited volume of biofuels, so as to ensure a smooth transition towards a new biofuel support scheme to be put in place in 2014. The new scheme that will be notified to the Commission before the end of 2013 will promote the production of particularly sustainable biofuels. 
Press release

Informatiesoort: Nieuws

Rubriek: Europees belastingrecht

H&I: Previews


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