Johnny Mythen (Wexford, Sinn Fein)
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110. To ask the Minister for Communications, Climate Action and Environment the proceeds that have been collected from taxable profits by the temporary solidarity contributions from 2018 to 2021 (details supplied); and if he will make a statement on the matter. [6594/23]

Eamon Ryan (Dublin Bay South, Green Party)
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Council Regulation (EU) 2022/1854 on an emergency intervention to address high energy prices came into force in October 2022 provides for a temporary solidarity contribution on profits in the fossil fuel production and refining sectors. The temporary solidarity contribution shall apply on taxable profits for 2022 and/or 2023 which are more than 20% above the average of the 2018 to 2021 baseline period.

On 22 November 2022, the Government decided that the temporary solidarity contribution will apply for 2022 and 2023, taxable profits which are more than 20% above the baseline period from 2018 to 2021 will be subject to a rate of 75%, and losses from previous years will not be taken into account in the calculation of the taxable profits.

Legislation will be required to implement this Council Regulation and my Department is continuing to work with other Departments and stakeholders in developing this legislation.

No proceeds have been collected from the temporary solidarity to date. The proceeds will be collected in 2023 and 2024 and distributed in line with the Council Regulation.