The 2011-12 emission allowances tax has been abolished by Parliament, only a week after it was suspended by the Constitutional Court.
All advance payments of the tax will be refunded.
This has been achieved using an accelerated procedure to remove various references to the tax in legislation.
The proceedings challenging the constitutionality of the tax in the Constitutional Court will be stopped and the Slovak Republic avoids any possibility of having to pay damages had the Constitutional Court declared the tax to be unconstitutional.
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The original publication date for this article was 02/07/2012.