Difference between revisions of "Tax Deduction for Investments in Energy Efficiency & Renewable Energy by Enterprises"

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Latest revision as of 10:56, 13 February 2020

Name of policy Tax Deduction for Investments in Energy Efficiency & Renewable Energy by Enterprises
Jurisdiction Country
Supranational region
Country Belgium
Region Europe


Subnational region or state
City or local
Policy objective
  • Mitigation
Type of policy instrument
  • Economic Instruments
    • Fiscal or financial incentives
      • Tax relief
Sector name
  • Industry
    Policy description This deduction for increased investments applies to fixed assets which tend to promote research and development of new products and advanced technologies which have no harmful effect on the environment and tend to a more rational use of energy. This deduction can be found in the Income Tax Code of 1992, Article 69, § 1,1 2 ° b and c. This policy makes incentives available for environmentally sound investments by industry. It provides tax deductions of up to 10.5% of investment costs (Article 70.1 Income Tax Code of 1992. Investments are considered eligible if they deal either with energy efficiency, or energy resulting from non-polluting treatment of industrial and urban waste. The policy covers projects dealing with solar, wind, hydro energy, biomass (including biofuels) and geothermal energy technologies as well as RD&D activities that promote environmentally sound technologies. Tax payers are allowed to spread the deductions out over several years. The policy also offers grants totalling 20.5% of the investment and 25.5% for especially innovative companies.
    Policy type
    • Energy efficiency
    • Renewables2
    Policy stringency
    Implementation state Implemented
    Date of decision 1992
    Start date of implementation
    End date of implementation
    High impact No
    Impact indicator


    Source or references https://www.iea.org/policies/2247-tax-deduction-for-investments-in-energy-efficiency-renewable-energy-by-enterprises?country=Belgium&page=3&qs=belg
    Supports policies
    Is supported by policies
    Comments (background and assessment)
    Status Final

    Download this policy as Excel file