Poland: Legislation promoting electricity generated from offshore wind farms
Poland: Electricity generated from offshore wind farms
The president on 21 January 2021 signed legislation that promotes electricity generated by offshore wind farms. The legislation is effective 14 days after publication in the Journal of Laws.
The legislation provides measures aimed at facilitating the use of the wind energy, and provides an additional concession fee applicable to offshore wind farms that is presented as an equivalent to real estate tax. There is a support scheme for offshore wind power generation along with simplified administrative and legal procedures.
The legislation introduces the obligation to pay an additional concession fee that applies to energy-sector companies engaged in the production of electricity via offshore wind farms. The goal behind introducing a new fee is so that the current tax system does not influence decisions on the choice of renewable energy source-based power generation technology. Currently, offshore wind farms are not subject to real estate tax to the same extent as onshore renewable energy sources. The new fee, therefore, is intended to standardize the fiscal burdens on all renewable energy source facilities, regardless of their primary energy-generating product and place of electricity production.
An energy sector company granted a license to generate electricity via offshore wind farm will be charged an additional fee on its operating costs, payable annually.
Read a January 2021 report prepared by the KPMG member firm in Poland
© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained 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. 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.