Decision #640/1

The Ministry of Finance (MoF) issued on the 31st August 2023 decision #640/1 (attached a scanned copy) in the application of article 72 of the Budget Law 2022 (Law #10) related to the tax exemption of machines and equipment related to renewable energies.

 According to this decision and Article 72 of the Budget Law 2022, all equipment related to renewable energies (Photovoltaic cells, modules, panels, Solar battery chargers, and inverters, etc.) is exempted from VAT, customs, and the minimum custom duty of 3% starting from the publication date of the Law #10 (i.e. 15th November 2022).

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