So, Portugal, like the UK, has feed in tariffs for solar. Actually makes sense here of course, given hours/days sunshine per year.
OK, so people have been installing stuff for a number of years.
New law announced. Oh, so you\’ll all have to pay income tax on the income of course. Despite the exemption of old for under €5,000 a year of such FIT income.
And, err, you\’ll all have to register as \”energy producing businesses\” as well. And as a business you\’ll have to pay social security taxes on the income as well. Oh, btw, given that you didn\’t so register when you set it up, despite our telling you that you didn\’t have to, we\’re going to fine you for being late.
And the income tax is retrospective. And the social security tax.
Something of a blinder, eh?
Another example from a brief perusal of the news stand.
Front page, local ex-mayor has been made head of the regional tourist board. Let\’s get some more tourists in, shall we, sort of thing.
Strapline on the side of the page to an internal story. How they\’re going to implement an additional tax on hotel rooms…….
BTW, anyone know the UK tax rules? Is cash from an FIT taxable? Further, what about the imputed energy you\’re not buying as a result of using your own solar power?