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Solar power firms avoid corporate tax, State Tax Service chief says
Journal Staff Report

KYIV, Oct 27 – Producers of power from solar energy avoid paying corporate income tax due to the use of accelerated depreciation of equipment and exchange rate losses, chairman of the State Tax Service Oleksiy Liubchenko said.

"Do you have a big tariff? - Big. Have you invested? - There are no questions. But where is the income tax? - Have forgotten through accelerated depreciation, institutions of joint investment and construction," he said in an interview with Interfax-Ukraine.




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