{"id":7545,"date":"2022-12-28T07:16:00","date_gmt":"2022-12-28T05:16:00","guid":{"rendered":"https:\/\/www.fpe.ro\/?p=7545"},"modified":"2024-11-20T10:28:57","modified_gmt":"2024-11-20T08:28:57","slug":"ordonanta-de-urgenta-privind-unele-masuri-de-punere-in-aplicare-a-regulamentului-ue-2022-1854-al-consiliului-din-6-octombrie-2022","status":"publish","type":"post","link":"https:\/\/www.fpe.ro\/en\/ordonanta-de-urgenta-privind-unele-masuri-de-punere-in-aplicare-a-regulamentului-ue-2022-1854-al-consiliului-din-6-octombrie-2022\/","title":{"rendered":"Emergency Ordinance on some measures implementing Council Regulation (EU) 2022\/1854 of October 6, 2022"},"content":{"rendered":"

New oil and gas overtaxation project jeopardizes future investments for Romania's energy security<\/strong><\/h4>\n\n\n\n

- The oil and gas sector is already overtaxed: the average tax rate on gas revenues is over 60%<\/strong> (801TPTP7T tax on additional income earned as a result of price deregulation in the natural gas sector, tax on additional offshore income)<\/p>\n\n\n\n

- The Romanian electricity generation and trading sector is overtaxed:<\/strong> Contribution to the Energy Transition Fund due by electricity producers: 100% from revenues above 450 RON\/MWh; Contribution to the Energy Transition Fund due for gas and electricity trading activities: 100% from revenues exceeding the purchase cost plus 2% (profit margin)<\/p>\n\n\n\n

- The effective tax rate on natural gas production in Romania is more than 3 times higher than the European average 1 since 2018<\/strong><\/p>\n\n\n\n

The Federation of Oil and Gas Employers (FPPG) draws the attention of the public opinion that the draft Emergency Ordinance on some measures implementing Council Regulation (EU) 2022\/1854 of October 6, 2022 (on emergency intervention to tackle the problem of high energy prices) is not likely to solve the energy crisis but, on the contrary, will generate numerous disadvantages among oil and gas operators by considerably reducing investment budgets. With the draft Emergency Ordinance, Romania has the most hostile approach in the EU to the oil and gas industry in the context in which it already has the highest level of additional taxes. Disregarding the additional taxes already introduced is contrary to the principles of the European Regulation.<\/p>\n\n\n\n

As the legitimate representative of the oil and gas industry, FPPG reiterates the need for a transparent and constructive dialog between the Romanian Government and the representatives of the energy sector. We mention that this sector makes significant contributions to the national economy and the state budget. In the first half of 2022, the total impact of the oil and gas sector on the economy (i.e., including direct, indirect and induced effects) amounted to about 8% of GDP.<\/p>\n\n\n\n

The FPPG recognizes that protecting citizens through a difficult economic period is paramount. To this end, instruments must be identified to protect vulnerable consumers for a set period of time without impacting the investment capacity of the energy sector.<\/p>\n\n\n\n

FPPG calls on the government for real consultations in order to identify the right tools to get through the energy crisis and economic recovery.<\/p>\n\n\n\n

With regard to the draft ordinance that invokes the establishment of a \"solidarity contribution\", the FPPG calls on the Romanian Government to consider the following important aspects for the stability of the Romanian energy sector:<\/p>\n\n\n\n

1. In line with the previous positions of the FPPG on the implementation measures of the solidarity contribution, the additional taxes that already exist, both for the natural gas and electricity market and for crude oil extraction (through other normative acts, e.g., OG 6\/2013, OG 7\/2013, Law 256\/2018, OUG 27\/2022) should be taken into account by this draft ordinance, by deducting them from the solidarity contribution.<\/p>\n\n\n\n

2. In order to limit the impact in discouraging local production and future investment in the sector, the chosen quota of 60% is higher than in any other EU country. Thus, a rate of 331TPTP7T (provided for in the regulation) would be more appropriate. The level of the quota should not jeopardize the ability of producers to maintain and stimulate future investment in the necessary production capacity.<\/p>\n\n\n\n

3. The agreed contribution should be recognized as a deductible expense when calculating corporate income tax.<\/p>\n\n\n\n

4. In the context of this tax instrument, it is necessary to introduce a mechanism to encourage investment by setting aside reserves from the amount due as a solidarity contribution at the level of taxpayers, in order to ensure new investments in the next 3-5 years.<\/p>\n\n\n\n

Consequently, we draw attention to the negative impact that the current form of the draft normative act will have on the future of the Romanian domestic oil and gas industry.<\/p>\n\n\n\n

The Federation of Oil and Gas Employers (FPPG) is a Romanian legal entity under private law, without patrimonial purpose, non-governmental, autonomous, independent from public authorities, non-political; it is representative at the level of the \"Energy, Oil and Gas and Energy Mining\" sector, representing over 98% of the companies producing crude oil and natural gas. FPPG has consistently upheld the principles of stability, predictability and competitiveness of the legislative framework applicable to the energy sector in Romania, as well as the responsibility of companies in the sector in terms of safety, health and security of operations and personnel. FPPG is a founding member of the Employers' Confederation Concordia, the only Romanian employers' confederation affiliated to Business Europe and IOE (International Organization of Employers).<\/p>","protected":false},"excerpt":{"rendered":"

Noul proiect de suprataxare a sectorului de petrol \u0219i gaze pune \u00een pericol viitoarele investi\u021bii pentru securitatea energetic\u0103 a Romaniei – Sectorul de petrol \u0219i gaze este deja supraimpozitat: rata medie de taxare a veniturilor din gaze naturale este de…<\/p>","protected":false},"author":2,"featured_media":7092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,30],"tags":[],"class_list":{"0":"post-7545","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-comunicat-de-presa","8":"category-noutati"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fpe.ro\/en\/wp-json\/wp\/v2\/posts\/7545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fpe.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fpe.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fpe.ro\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fpe.ro\/en\/wp-json\/wp\/v2\/comments?post=7545"}],"version-history":[{"count":1,"href":"https:\/\/www.fpe.ro\/en\/wp-json\/wp\/v2\/posts\/7545\/revisions"}],"predecessor-version":[{"id":7546,"href":"https:\/\/www.fpe.ro\/en\/wp-json\/wp\/v2\/posts\/7545\/revisions\/7546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fpe.ro\/en\/wp-json\/wp\/v2\/media\/7092"}],"wp:attachment":[{"href":"https:\/\/www.fpe.ro\/en\/wp-json\/wp\/v2\/media?parent=7545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fpe.ro\/en\/wp-json\/wp\/v2\/categories?post=7545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fpe.ro\/en\/wp-json\/wp\/v2\/tags?post=7545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}