Are you an entrepreneur and do you want to benefit from a tax scheme for investing in environmentally friendly technology? Then you may be eligible for the Environmental investment rebate (MIA) and Arbitrary depreciation of environmental investment (Vamil) schemes.
Investing with a fiscal advantage
Through the MIA, you can deduct up to 36% of the investment costs for an environmentally friendly investment on top of you regular tax deductions for investments, and with the Vamil you yourself may decide when to write off these investment costs. This provides you with an advantage in liquidity and interest.
For all entrepreneurs
All entrepreneurs in the Netherlands who pay income or company tax can make use of the MIA/Vamil. The arrangement is interesting for example to entrepreneurs in agriculture, shipping and industry. But also for those who invest in sustainable transport, sustainable recreation and sustainable buildings.
The Environment list
Do you want to know which investments you can use the MIA and/or the Vamil for? Then look at the current Environment list (in Dutch). This includes about 270 investments that are eligible for the MIA and/or the Vamil. These investments, called company resources on the Environment list, are minimally damaging to the environment. They often have a wider scope than the obligations in the law.
On the market faster
Have you developed an innovative, environmentally friendly product or company resource that you want to put on the market? Submit your product to the Environment list. Companies can make proposals to include a product or company resource on the next Environment list. In order to be considered for the list, the environmental investment has to:
- have a clear yield for the environment;
- be innovative or still have a smaller market share than the alternative;
- be more expensive than the environmentally friendly alternative.
A new Environment list appears every year. Investments that no longer meet the requirements of the MIA/Vamil as a result of technological advances are removed from the list or adapted, and new innovative investments are added. Your product may be one of the newcomers!
You can read more information about submitting products or company resources for the next Environment list at ‘your product on the Environment list’ (in Dutch).
For 2016, a sum of 97 million euro is available for MIA and 40 million euro for Vamil. In theory, it is not possible to apply for the schemes when the budgets have been exhausted. However, it is possible to use part of the budget for a following year. It is also possible to transfer excess budget to the coming year. If there is a good reason, the Minister of Finance can limit or suspend one or both schemes. When this happens, a notification is published in the Dutch government gazette. If you have invested before closure (hence have entered into obligations), you can report these costs at most three months after this notification.
MIA and Vamil are schemes funded by the Ministries of Finance and Infrastructure and Water Management. The Netherlands Enterprise Agency and the Netherlands Tax and Customs Administration are responsible for operating the MIA and Vamil. RVO.nl supports the compiling of the Environment list and is responsible for technical checks of the applications. The Tax and Customs Administration checks the tax returns and decides whether MIA/Vamil can be applied.