INVESTMENT DEDUCTION - RATES ASSESSMENT YEAR 2015
25 March 2014
The new percentages for investment deduction that apply to the assessment year 2015 (income year 2014) have been published in the Belgian Official Gazette of 26 March 2015.
Investments that meet the legal conditions give the right to a tax exemption on part of the profits and benefits, which equals a certain percentage of the acquisition or investment value. The following percentages apply to investments made during the assessment year 2015:
In principle the investment deduction is immediately applied. Some taxable persons might opt for a spread deduction according to the duration of the depreciation period. Certain investments give right to a unique special investment deduction.
It is possible to benefit from the spread investment deduction at a rate of 10,5% of the adopted depreciation for each taxable period, if the necessary requirements are met. The spread investment deduction concerning the depreciation of obtained or established environmental friendly investments for research and development remains to be 20,5% for assessment year 2015.
Please note that the investment deduction for patents and research and development of new technology beneficial to the environment cannot be cumulated with a tax credit for research and development.
For more details in this respect, please contact your regular BDO contact person.