On May 26 EUEA together with leading industry associations sent a letter to the Energy Community Secretariat.

➖The letter was regarding the examination how the proposed amendment to the Tax Code regarding excise tax on the sale of electricity produced by wind and solar power plants corresponds to the agreement reached in the course of the mediation last year and formalized in the form of the Memorandum.

➖To be recalled on 12 May 2021, the Cabinet of Ministers of Ukraine approved the Draft Law “On Amendments to the Tax Code of Ukraine and other Legislative Acts in Order to Ensure the Balance of the Budget Revenues” that should be registered soon with the Verkhovna Rada of Ukraine.

Among other amendments, there is proposal to apply 3.2% excise tax on the sale of electricity produced by wind and solar power plants (amendments to the provision 213.2.8 of the Tax Code).