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Daily Tax Report: International

Russia Gazettes Law Implementing Individual Tax Exemption for Renewable Energy Sales

Jan. 14, 2020, 5:00 AM

The Russian Official Gazette Dec. 28, 2019, published a law exempting individuals from income tax on earnings from the sale of electricity produced by micro-generation facilities. The law provides that individuals who own micro-generation facilities with a maximum capacity of 15kW are exempt from income tax on their sales revenue from the facility, effective until Jan. 1, 2029. The law applies to income earned during the 2019 tax period. [Russia, Government Legal Database, 12/28/19]

Reference:
View Law No. 459-FZ of 12/27/19. View Law No. 459-FZ/2019, Official Gazette No. 0001201912280032. View Legislative History of Bill No. 782128-7.

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