Factsheet: Exemption tax for electricity autocomsuption

Exemption tax for electricity autocomsuption

Key Information
Full name of Instrument & Measure (English): 
Exemption tax for electricity autocomsuption
Full name of Instrument & Measure (native language): 
Law 1215. (2008, July 16). "Por la cual se adoptan medidas en materia de generación de energía eléctrica". Bogotá D.C., Colombia.
Description: 
Law that set a exemption tax for electricity autocomsuption: the sale of electricity from cogeneration (e.g. from bagasse) to the grid is subject to a 20 percent tax, while the electricity used for own consumption is exempted from this tax. The Colombian Government has put in place a number of incentives that directly or indirectly promote investments in the bioenergy sector. These include exemption from the sales tax for sugarcane; reduced sales tax for sugarcane molasses; and tax exemption for the revenues from the sale of electricity from biomass produced by power generation companies, subject to environmental and social requirements (see also Law No 788/2002);
Goal/Aim: 
Promote investments in the bioenergy

Sector/Topic targeted:

Responsible Authority: 
Ministerio de Hacienda y Crédito Público

Status:

Year Instrument & Measure Started: 
2008