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Tax incentives have been implemented within the framework of the public-private partnership
Tax incentives have been implemented within the framework of the public-private partnership
One of the significant changes in the Tax Code aimed at promoting the investment climate and entrepreneurial activities is the provision of tax incentives for electricity generation projects using renewable energy sources, as part of the support for public-private partnerships and the "green" economy.
In general, tax exemptions are applied to attract investments for the implementation of projects within the framework of public-private partnerships and electricity generation projects, as well as for the creation and management of necessary infrastructure related to these services. Specifically, private partners in public-private partnership projects and producers in electricity generation projects using renewable energy sources are granted exemptions on profit (income), property, land taxes, and VAT on imports, for the duration specified in the relevant contracts, but not exceeding 30 years.
Providing tax incentives in these areas will contribute to improving the country's investment climate, supporting private investments in various sectors of the economy, increasing the volume of foreign direct investments, and supporting electricity generation projects implemented by the private sector under public-private partnerships and state procurement commitments.
One of the significant changes in the Tax Code aimed at promoting the investment climate and entrepreneurial activities is the provision of tax incentives for electricity generation projects using renewable energy sources, as part of the support for public-private partnerships and the "green" economy.
In general, tax exemptions are applied to attract investments for the implementation of projects within the framework of public-private partnerships and electricity generation projects, as well as for the creation and management of necessary infrastructure related to these services. Specifically, private partners in public-private partnership projects and producers in electricity generation projects using renewable energy sources are granted exemptions on profit (income), property, land taxes, and VAT on imports, for the duration specified in the relevant contracts, but not exceeding 30 years.
Providing tax incentives in these areas will contribute to improving the country's investment climate, supporting private investments in various sectors of the economy, increasing the volume of foreign direct investments, and supporting electricity generation projects implemented by the private sector under public-private partnerships and state procurement commitments.