Abbreviated form of legal source(s)
- Act 446/2007
- Act 393/2013
Description of support scheme
All fuel retailing companies are obliged to fulfil a defined quote of biofuel out of their total sales.
Amount of quota and period of application
The amount of biofuels has increased year by year from 6% (years 2011-2014) to the current 20%. The share will rise gradually until year 2029, by when it will have reached 30%.
Addressees
Fuel retailers
Procedure
Fuel retailers are obliged to send an annual report to the Tax Administration showing the part of different fuels of their annual sales, thus providing proof of the fulfilment of the obligation.
If the fuel retailer fails to reach the quota, it can be fined (Art 11 Act 446/2007).
If the fuel retailer has exceeded the quota in the previous calendar year, it is entitled to taking the excess into account for the following calendar year ((Art 5b Act 446/2007).
Competent authority
The Finnish Tax Administration