Yesterday, the Verkhovna Rada of Ukraine amended the law “On State Support of Investment Projects with Significant Investments in Ukraine”, including a provision on state support of businesses with significant investments.
“During the development of draft law No. 8138, the decision to extend the effect of the law on investments to projects aimed at the production of biogas and biomethane (including bioLPG) was made. And yesterday, the Parliament supported this proposal by voting for the draft law!” – commented Andrii Zhupanyn, People’s Deputy of Ukraine, member of the Parliamentary Committee on Energy and Housing and Communal Services.
These significant legislative changes will facilitate the construction of new biogas and biomethane plants by making them more attractive to potential investors due to:
- exemption from income tax for 5 years,
- exemption from VAT and import duty in case of import of new equipment and components,
- exemption from payment of land tax.
A favorable investment climate is a crucial component in working with potential investors. The Bioenergy Association of Ukraine team is grateful to everyone who contributed to this decision!
We are grateful to the people’s deputies of Ukraine, in particular Ihor Marchuk and Andrii Zhupanyn, for important initiatives!