Excise tax exemption for electricity generated from renewable energy sources

The National Council of the Slovak Republic, on 28 November 2007, adopted the Act on Excise tax from electricity, coal and natural gas, which exempts electricity produced from renewable sources from electricity excise tax (SKK 0.02/kWh from 2008 to 2009, and SKK 0.04/kWh from January 2010). To qualify for the exemption, the electricity must be delivered directly to a final user, or consumed by the entity producing it. The electricity production must derive from the following sources: Solar energy Wind energy Geothermal energy Hydro energy Biomass, including a product made from biomass Methane from abandoned mines Fuel cells Those supplying or using the exempted electricity for other purposes than those listed above, or without the appropriate license, face financial penalties.

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