Cuba expands tax benefits for renewable energy
- Written by Redacción ¡ahora!
- Published in Cuba
- Hits: 94
Cuba's Ministry of Finance and Prices (MFP) approved a regulatory update that expands tax benefits for natural persons engaged in economic activities—such as self-employed workers, agricultural producers, and artists—who invest in renewable energy sources. This measure is part of the national strategy to transform the energy matrix.
Resolution 41/2026, published in Extraordinary Official Gazette No. 30, exempts these taxpayers from Personal Income Tax on investments in renewable projects, whether for self-consumption or to contribute to the National Electroenergy System.
Vice Minister Yenisley Ortiz Mantecón explained that this resolution updates and ratifies previous provisions, such as Decree-Law 345 of 2017 and Resolution 169/2025, which already exempted Profits Tax during the investment recovery period and adjusted tariffs for such projects.
Previously, benefits were limited to tariff exemptions for natural persons, but now they explicitly extend to those conducting economic activities, addressing that gap.
To access the incentive, which can last up to eight years based on the certified recovery time, a technical appraisal from the National Office for the Rational Use of Energy (Onure) is required. Taxpayers must submit it to the National Tax Administration Office (ONAT) at their fiscal domicile.
From 2023 to December 2025, Onure received 168 energy license applications; 56 projects are now operational with tax benefits in provinces like Villa Clara, Camagüey, and Havana, while 112 are under evaluation, including applications from natural persons.
The vice minister stressed that, despite reduced fiscal revenue, the priority is to drive the transition to clean energy with participation from all economic actors.
Benefits can be revoked for non-compliance, such as misuse of the investment or unapproved equipment, through Onure inspections and ONAT cancellation, ensuring the incentives effectively meet their energy transition goals. (Source: Granma)
