May 18, 2024 7:00 pm
Chamber gives thumbs up to updated investment deduction for eco-friendly expenses

In 2025, companies will have the opportunity to deduct up to 40 percent of their green investment costs from their profits. The House approved the reform proposed by Minister of Finance Vincent Van Peteghem on Thursday evening. The core objective of this reform is to expedite the energy transition. As part of this reform, the investment deduction system will undergo a complete overhaul. The new system will include a basic deduction for natural persons and small companies, a ‘technology deduction’ for patents and research and development worth 13.5 percent, and a thematic deduction specifically for green investments. This thematic deduction will allow SMEs to deduct 40 percent of their green investment costs, while larger companies can deduct 30 percent.

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