- Equipment imported on renewable energy sources is exempt from VAT
- Renewable energy sources include wind, solar, geothermal energy, hydro energy, biomass, and others
- Equipment, materials, and tools used for production of alternative fuels or energy from renewable sources are exempt from VAT
- Taxpayer must increase tax liabilities if imported goods are not used for intended purpose
- Violations result in penalty payment based on National Bank of Ukraine’s interest rate
- Other equipment not meeting criteria is subject to VAT taxation according to standard rules
Source: news.dtkt.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
