To stimulate investment in various business assets, a number of tax schemes have been established. These include the KIA (Small-scale Investment Deduction), the MIA (Environmental Investment Deduction), the EIA (Energy Investment Deduction), and the VAMIL (Arbitrary Depreciation for Environmental Investments).
The schemes provide a tax benefit. This can be a deduction from corporate income tax, as with the KIA, MIA, and EIA, but also a way to accelerate the depreciation of the investment under the VAMIL. With a deduction from corporate income tax, you reduce taxable profit, meaning you have to pay less corporate income tax. With accelerated depreciation, you can depreciate an investment, resulting in lower corporate income tax payments in a given year, which can yield an interest and liquidity benefit.
In the Schemes menu at the top right, you can find further information about the various schemes.
Naturally, we are happy to assist you with the application of these regulations. You can contact us for advice and to submit applications.
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