Global

Details

  • Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 8/11/2014

Bulgaria - Renewable energy fee held unconstitutional 

August 11: The Constitutional Court of Bulgaria held that a provision that, beginning 1 January 2014, imposes a 20% fee on the production of electricity by solar photovoltaic plants and wind power plants—renewable energy—is unconstitutional.

The case identifying information is decision No. 13 under constitutional case No. 1/2014 (31 July 2014), and the decision was published in the state gazette No. 65 (6 August 2014) with an effective date of 10 August 2014 (i.e., three days after publication in the state gazette).


Accordingly, beginning 10 August 2014, producers of certain renewable energy are no longer required to pay the 20% fee. However, amounts of the 20% fee paid by such renewable energy producers before 10 August 2014 are not refundable.


Read an August 2014 report prepared by the KPMG member firm in Bulgaria: Important decision of the Constitutional Court regarding the 20% fee over the production of renewable energy




©2014 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.


The KPMG logo and name are trademarks of KPMG International.


KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


Direct comments, including requests for subscriptions, to us-kpmgwnt@kpmg.com.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

 

Share this

Share this

Subscribe

Subscribe to receive the latest TaxNewsFlash email alerts (you must select the option for TaxNewsFlash)


Already a Subscriber? Login


Not a member? Subscribe now