
Netherlands €147 m in fiscal incentives for enterprises investing in RES, source by PV Magazine
Netherlands allocates €147 million in fiscal incentives for enterprises investing in solar and renewables, source by PV Magazine The Energy Investment Allowance (EIA) is a fiscal measure that offers the possibility for an additional allowance on taxable profit. The Netherlands Enterprise Agency (RVO) has announced that it has allocated €147 million in fiscal incentives for enterprises adopting clean energy solutions in the frame of the Energy Investment Allowance (Energie Investeringaftrek – EIA) program. Under the scheme, which is managed by the Dutch Ministry of Economy and Finance, companies make investments in energy efficient technologies and renewable energy can pay a lower income/corporation tax. The deduction rate of the program for this year is 54.5%, while the net EIA benefit is usually around 13.5% of the investment costs. Applications for the…