Legislation aimed at reducing the tax burden on producers and traders of alternative energy has been published in draft form.
The key proposals of the draft are:
- exempting earnings from alternative energy trading from corporate profits tax until 1 January 2019
- exempting supplies of alternative energy equipment, including imports, from VAT until 1 January 2019
- exempting bio-fuel from excise duty in proportion to the quantity of bio-components in the fuel until 1 January 2014
Law: Law "On Amending Certain Legislative Acts of Ukraine on Tax Questions with regard to Stimulation of Alternative Sources of Energy and Types of Fuel Use"
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The original publication date for this article was 03/03/2086.