Finance Act 2020
Ireland's Finance Act 2020 amends provisions in the 2010 Finance Act regarding carbon taxes on mineral oil, natural gas and solid fuel. The Act legislates annual increases in carbon tax of 7.5 EUR/tCO2 until the tax reaches 100 EUR by 2030 (in 2029, the tax increase will be 6.5 EUR to meet the 2030 objective). As such, the Act increases tax on petrol and diesel to 33.5 EUR (from October 14, 2020 onwards). Tax increases have been applied to all other fuels covered by the Act from May 2021 onwards.