Spain to hit energy companies with windfall tax from January

Levy is expected to last for two years and will target companies’ turnover for 2023-2024

Tax them: Spain's government headed by Prime Minister Pedro Sanchez needs to fund measures to shield consumers from soaring costs.
Tax them: Spain's government headed by Prime Minister Pedro Sanchez needs to fund measures to shield consumers from soaring costs.Photo: AFP/SCANPIX
Published 22 December 2022, 14:32Updated 23 December 2022, 10:30