Joint Statement of RES leading associations of Ukraine on the introduction of excise duty on electricity from renewable energy sources, which is provided by the Draft Law №5600.
 The introduction of excise duty is a de facto reduction of the “green” tariff by an additional 3.2% for existing renewable power plants, as this tax will be paid by electricity producers from renewable energy sources (RES).
To be reminded, the Draft Law on Amendments to the Tax Code of Ukraine and Certain Legislative Acts of Ukraine to Ensure Balanced Budget Revenues (№ 5600 of 02.06.2021) adopted by the Verkhovna Rada of Ukraine on July 1, 2021 in the first reading. This Draft Law provides for the abolition of excise tax benefits for taxpayers that produce electricity from RES or use cogeneration units.
Adoption of tax changes would be contrary to guarantees provided by the Government of Ukraine on June 10, 2020 at the signing of the Memorandum of Understanding on the settlement of problematic issues in the field of renewable energy in Ukraine (hereinafter – the Memorandum) and which were confirmed by the Verkhovna Rada of Ukraine by adopting the Law of Ukraine “On Amendments to Certain Laws of Ukraine Energy ”of July 21, 2020 № 810-IX (hereinafter – the Law № 810-IX).
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