Spanish 7% Generation Tax (IVPEE) to continue following ECJ ruling – March 2021

The European Court of Justice ruled that the Spanish 7% Generation Tax (IVPEE) is a legitimate tax that does not contravene any European directive on 3 March 2021.

The decision does not result in any change to our forecast, as our forecasts have assumed the continuation of the IVPEE (and associated Clawback Tax in Portugal).

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