Chambers say ruling puts IMI on renewables at risk

Municipalities with renewable energy sources express deep concern over a Constitutional Court ruling declaring certain IMI evaluation norms unconstitutional. They argue this decision jeopardizes long-standing tax regulations and threatens municipal revenues from hydro and wind energy. The ruling, stemming from a dispute involving Finerge and the Amarante municipality, could impact ongoing legal actions regarding IMI payments. Local leaders fear that the ruling will disproportionately affect less affluent municipalities while benefiting large energy companies like EDP and Iberdrola. They emphasize the need for fair compensation for natural resource exploitation and have reached out to parliamentary committees for support.