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Switzerland Plans Stricter Rules For Biofuel Tax Breaks

by Ulrika Lomas, Tax-News.com, Brussels

19 March 2014


The Swiss Council of States has approved a bill toughening rules governing businesses' eligibility to biofuel tax breaks.

In Switzerland, biofuels are completely or partially exempt from mineral oil tax provided that they comply with ecological and social minimum criteria. The tax relief was introduced in 2008 to promote the production of environmentally friendly and socially acceptable forms of fuel.

Since 2008, there have been growing concerns that biofuel production from sugar cane, sugar beet, corn, canola, and soybean may compromise food security.

Under the proposed legislation, producers will have to demonstrate that the cultivation of raw vegetable material for biofuel production does not affect a country's food security. Furthermore, producers must show that land rights and sustainable forest management practices have been observed.

The Swiss National Council will begin its examination of the bill shortly.

TAGS: environment | tax | food | legislation | Switzerland | tax breaks

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