Today, April 30, 2021, EUEA together with industry associations sent a letter to the Chairman of The Verkhovna Rada of Ukraine, the Prime Minister of Ukraine and others regarding possible changes in the Tax Code of Ukraine on the introduction of excise tax on electricity produced from renewable energy sources.
It will be recalled that the Ministry of Finance of Ukraine is preparing a draft law with a package of amendments to the Tax Code of Ukraine, which is planned to be approved at a meeting of the Cabinet of Ministers of Ukraine and submitted to the Verkhovna Rada of Ukraine for further consideration and adoption. Among other changes, was announced the introduction of an excise tax on the electricity sale produced from renewable energy sources (RES). A wide range of excise tax rates is currently being discussed, ranging from 3.2% to 40%. However, as stated in the reports, the exact amount of the tax is still being discussed.
With this letter, we intend to urge government officials to take into account all possible risks of introducing such an excise tax, as this will change the legislation in force on the day of entry into force of Law № 810-IX and will violate the state guarantee provided in Article 9-4 of the Law of Ukraine On Alternative Energy Sources, as well as violate the provisions of the Memorandum of Understanding.
Read the letter: Letter 30.04