MIA and VAMIL
As an entrepreneur, are you investing in an environmentally friendly business asset? Then make use of the Environmental investment deduction (MIA) and Arbitrary depreciation of environmental investments (Vamil) schemes if the asset is on the current Environmental List. This scheme is not for private individuals.
The MIA allows you to deduct up to 45% of the investment cost from your profit for your investment. You thus reduce your taxable profit. With Vamil, you can write off up to 75% of your investment at a time of your choosing. Your tax advantage can amount to over 14% of the investment amount with MIA\Vamil.
For Entrepreneurs and Suppliers
MIA\Vamil for Entrepreneurs
Are you investing in an environmentally friendly asset? Then check whether your investment is eligible for MIA\Vamil and how to apply.
An important condition for MIA\Vamil is that your environmental investment meets the code description on the applicable Environmental List. Consult the Environmental List and see what is possible within your sector.
Do you supply an innovative business asset that is not on the current Environmental List? Then submit a proposal for inclusion in the next Environmental List.
- Ministry of Infrastructure and Water Management