Tax benefits for environmentally friendly investments
Environmental Investment Allowance (MIA) and Random Depreciation of Environmental Investments (Vamil)
The MIA and Vamil are two Dutch tax incentive schemes for entrepreneurs investing in environmentally friendly business assets and techniques. These are different schemes that are often combined. This can then provide a net tax advantage of up to 14% of the investment amount. With the MIA, the entrepreneur benefits from a substantial investment deduction (27%, 36% or 45% of the investment amount, depending on the investment). This reduces the entrepreneur’s taxable profit and he pays less tax. Vamil offers the possibility to write off 75% of the investment costs in one go at any time. Faster depreciation allows the entrepreneur to reduce his taxable profit, so he pays less tax that year. This can provide an attractive liquidity advantage.
In short
MIA and Vamil overview
Entrepreneurs subject to income tax or corporate income tax.
To make use of the MIA/Vamil, you need to 'report' the investment to the RVO in time. This can be done up to 3 months after the obligation to purchase the asset has been entered into. After that, the MIA/Vamil can be applied in your tax return.
In 2023, the budget for the MIA scheme is: 192 million euros. And for the Vamil scheme: 25 million euros.
Investments listed on the official Environment List are eligible for the MIA/Vamil. This list is updated every year.
Overview of
MIA/Vamil themes
- Resource and water use savings (including recycling, reuse, bio-based and circular economy);
- Food supply and agricultural production (greenhouses, sheds, agricultural implements, fisheries, processing equipment);
- Mobility (quieter, cleaner and more fuel-efficient transport, such as sustainable vehicles, vessels and/or mobile equipment);
- Climate and Air (reduction of emissions of CO2 and other greenhouse gases, VOCs, particulate matter, smog, odour, etc.);
- Land use (ecosystems, biodiversity, surface water, groundwater, soil quality, hazardous substances);
- Built environment (including sustainable buildings, building materials, circular/climate-adaptive construction, installations.
Meet the requirements
MIA/Vamil criteria
The applicant is an entrepreneur in the Netherlands, Aruba, Curaçao, Sint Maarten or the BES islands.
The applicant is further liable to income tax or corporate income tax.
The business asset is listed on the current Environmental List and meets the aforementioned requirements.
The business asset has not been used before.
The investment costs are at least 2,500 euros.
Submit the application within 3 months of being granted.
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