Policy status:In Force
Date Effective:1999
Policy Type:
Policy Target:
Description:New budget provisions allow purchasers of renewable energy equipment such as solar panels for residential use to benefit from a reduced VAT of 5%. Investment costs in renewable end-use technology are also deductible from the income tax with a limit to the deduction set at 50 000 PTE in State Budget 2000. Beginning in October 1999, investors in equipment using solar energy are entitled to claim a depreciation rate of 25% (previously set at 7.14%).

Last modified: Mon, 09 Jul 2012 11:43:00 CEST