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النهار أونلاين
Electrical products tax exemption announced
The Minister of Energy and Renewable Energies proposed amendments to the 2027 Finance Law, including exemption of certain locally manufactured and exported electrical products from taxes, as well as extending the VAT exemption for the electricity and gas production and distribution sector. The measures also involve increasing the tax deduction rate for expenses related to green hydrogen and renewable energies to 10%, and expanding it to cover expenses for afforestation and reforestation. The minister confirmed the ongoing efforts of the energy sector, in coordination with local authorities, to implement electrical and gas interconnection projects, with a focus on developing a national energy consumption model to ensure sustainable energy security for future generations.
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