ENEL: EXPECTED IMPACT OF ROBIN HOOD TAX

Published on miércoles, 14 septiembre 2011

Rome, September 14th, 2011 - With regard to the so-called “second package” of budget adjustment measures approved with Decree Law 138 of August 13th, 2011, ratified today by the Italian Parliament, Enel announces that the amendment of the rules governing the so-called “Robin Hood Tax”, which increases the rate of the additional IRES levy for three years to 10.5% from its current level of 6.5%, as well as the extension of the additional levy to comprise companies operating in the power and gas distribution and transmission sector and the renewable energy sector (regardless of the type of resources used), will give rise to an additional annual current tax liability for the Enel Group estimated at about 400 million euros in the period from 2011 to 2013 and about 200 million euros per year in each subsequent years.

Price Sensitive | septiembre, 14 2011

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