Eni to Pay Around EUR1.4 Billion for Energy Windfall Tax in 2022
31 Août 2022 - 12:12PM
Dow Jones News
By Giulia Petroni
Eni SpA on Wednesday said it will pay around 1.4 billion euros
($1.40 billion) in a charge related to an Italian windfall tax
levied on energy companies in 2022, more than twice its original
estimate.
The oil-and-gas major said it has already paid around EUR560
million as an advance payment. Eni previously determined the total
amount of the extraordinary contribution to be around EUR550
million, but said the amount has now been redetermined following
clarifications provided by the Italian tax authorities.
The Italian government imposed a 25% windfall tax on energy
companies benefiting from surging prices for oil and gas. Under the
plan, companies were set to make a 40% down payment by the end of
June, while the rest is due by November.
At 0931 GMT, shares trade 4.5% lower at EUR11.69.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
August 31, 2022 05:57 ET (09:57 GMT)
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