MIA and Vamil

MIA en Vamil are subsidies for environmentally friendly equipment for entrepreneurs. MIA stands for environment investment deduction in Dutch, which is a fiscal deduction regulation for entrepreneurs who invest in environmentally friendly equipment. Up to 40 percent of the annual investment costs (purchase costs and production costs) are deductible from the profit over the calendar year in which the equipment was procured.

Vamil stands for arbitrary debit of environmental investments in Dutch. The Vamil regulation offers entrepreneurs a liquidity and interest advantage. Machinery that is listed on the combined MIA\Vamil list can be depreciated more quickly. The investing company can write off the investment at an earlier stage, which results in the reduction of operating profit and tax payments.

The combined MIA and Vamil list determines which types of machinery qualify for the two programs. The programs include the costs of obtaining advice, provided that the advice results in an investment in the environment. Within three months of entering into obligations, the investment must be reported to the Investment Schemes and Arbitrary Depreciation Office in Breda.

Free Depreciation (MIA/VAMIL)

Contribution

MIA

1. The cost of a capital good must amount to at least EUR 450
2. The amount invested in capital goods must exceed EUR 2,200 per annum

VAMIL

The contribution takes the form of depreciation.

Applications of MIA and Vamil

If a company opts for MIA or Vamil, the investment must be reported on a special form (the so-called Melding Milieu-investerings-aftrek/Willekeurige afschrijving (MIA/Vamil)), which is available at the Bureau Investeringsregelingen en willekeurige afschrijving (IRWA), or can be downloaded from the website of the tax authorities (www.belastingdienst.nl). The completed form should be returned to Bureau IRWA, Postbus 3338, 4800 DH Breda (tel: (31) 076 530 43 08, fax: (31) 076 530 43 09), within three months of the date on which the acquisition of the asset was contracted. For assets produced in-house, the form must be returned within three months of the end of the calendar quarter in which the costs were incurred.

Please note that the regulation governing this incentive may be changed in the event of budget overruns. The regulation in effect when the investment costs are incurred determines whether free depreciation is permissible in the coming year(s).

Information

Technical questions on MIA/VAMIL can be answered by the helpdesk at:
SENTERNOVEM
Dr. van Deenweg 108
P.O. Box 10073
8000 GB ZWOLLE
Tel.: (31) 038 455 34 80
Fax.: (31) 038 454 02 25
E-mail: miavamil@senternovem.nl
Website: Senternovem/vamil-MIA-English

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