Combined CO2 and Energy Tax / Act on Excise Duty on Liquid Fuels

In Finland, fuels are taxed according to their use. Excise duty on liquid fuels is collected on all types of fuels, including biofuels. The latest amendment to the Act of Excise Duty on Liquid Fuels sets out a taxation scheme according to which each component of a liquid fuel is taxed separately, based on its energy content and carbon dioxide emission. Biofuels therefore benefit from lower taxation (§1 Act No. 1472/1994). 

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