01.07.2021 The Verkhovna Rada adopted in the first reading the draft law №5600 "On Amendments to the Tax Code of Ukraine and Certain Legislative Acts of Ukraine to Ensure Balanced Budget Revenues", which in particular introduces excise tax for producers of electricity from renewable sources in the amount of 3, 2%.

Earlier, Prime Minister Denis Shmygal said that the innovations will apply only to big business and not to national taxes for people, as well as small and medium-sized businesses.

The introduction of the "green" excise tax canceled all the promises of the Government.

Also, the excise tax contradicts the Memorandum of Understanding with the Government on the settlement of problems in the industry, which was signed on 10.06.2020

In particular, the Memorandum stated that the tax regime will NOT be revised upwards for investors in RES. And again violation of agreements!

Representatives of the Ukrainian Wind Energy Association, the European-Ukrainian Energy Agency and the Ukrainian Renewable Energy Association called the establishment of an excise tax on green energy risky and signed a joint letter to the Verkhovna Rada leadership, relevant parliamentary committees, the Ministries of Finance and Energy.