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The investment premium for greening-measures – what you need to know now to still your investments until 28.02.2021.tipremium at apply.
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The COVID 19 investment premium is part of the package of measures to cushion the impact of the COVID 19 pandemic on Austria as a business location.
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The aim of the investment premium is to promote investments with a focus on digitalization, greening, health and life science in particular with a premium of 14% of the investment sum. For other (non-climate change) investments, 7% is refunded. Consequently, it comes e.g. to no subsidies for all assets related to fossil fuels.
The non-refundable premium is tax-exempt for the recipient, but does not reduce the depreciation assessment base or the annual, earnings-reducing depreciation, thus making a claim doubly attractive from a tax perspective.
Eligible to apply are companies as defined by §1 of the Austrian Commercial Code (UGB) of all industries that have a registered office and/or a permanent establishment in Austria and are legally operated in their own name and for their own account. Newly established companies can also apply for an investment premium. Outside the scope of §1 UGB are mere holding and ownership companies as well as lessors of a company. Pure asset management activities are also not included.
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Eligible for funding are (non-climate) new investments in depreciable fixed assets. New investments are investments in tangible and intangible assets that must be capitalized and that have not yet been capitalized in the company or the Group’s fixed assets or asset register. This also includes low-value assets. This also applies to entrepreneurs (e.g. surplus investigators) who do not keep an asset register. The term new acquisitions includes both as-new and used assets, but a mere transfer of assets between companies of the same group is not considered a new acquisition.
Which greening measures are eligible for 14% funding can be found in the catalog included in the funding guidelines. Included are for example thermal building refurbishment, other measures to promote energy savings in companies, or even a connection to a local or district heating network. Another major focus is on sustainable energy production or conservation (including photovoltaics, thermal solar systems, heat pumps, biomass systems, green electricity systems). In addition, measures to promote environmentally friendly mobility (including electromobility and cycling) are also included. Link
We have compiled the 25 focal points for you, the attached link will take you directly to a detailed description of the respective point (PDF download):
- Heat pumps
Biomass
: Single plants and microgrids- Connection to local or district heating
- Solar thermal systems
- Thermal building renovation
- Saving energy in companies
- Air conditioning and cooling
- Waste heat extraction
Local heat supply
based on renewable energy sources
Power generating plants
in island locations
Biomass cogeneration and wood gas production
for self-supply
Energetic utilization
biogenic raw materials and residues
Production
biogenic fuels and combustibles- Renewable hydrogen and renewable gases
- Investments for air pollution control
- Circular economy and raw material management
Environmentally friendly management
hazardous waste- Circular economy – waste
- Photovoltaic systems and electricity storage
- Green power plants
- Forcing the
Electromobility
- Further alternative, fossil-free drives
- Cycling and
Mobility management
- Investments for the primary purpose of saving water
- Investments for the primary purpose of
Protection of biodiversity
Should investments of an ecological nature occur in connection with buildings, complex issues may well arise. It is necessary to check whether the building is residential or commercial . The background to this distinction is the restriction of the investment premium to buildings used for business purposes. This means that e.g. photovoltaic systems installed on residential buildings are generally not eligible for subsidies according to the directive. In our opinion, which is also supported by the literature, such a blanket restriction is not permissible and is also not covered by the text of the law. Instead, it should be checked whether it is an asset that can be capitalized independently (e.g. photovoltaic system or solar thermal system). The same conclusion is reached for the implementation of other ecological measures on residential buildings, which can be activated independently, such as the use of a solar thermal system. of thermal insulation. Such investments in residential buildings should therefore be eligible for a 14% subsidy.
The investment in electric vehicles as company vehicles should also be particularly emphasized at this point.
In order to prevent the misuse of subsidies, the guidelines stipulate a minimum holding period of 3 years for all assets.
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According to the guideline, a prerequisite for eligibility is the date of the first measure for an investment. This includes orders, deliveries, the start of services, down payments, payments, invoices, the conclusion of a purchase contract or the start of construction of the eligible investments. Planning services, funding discussions, or funding requests or commitments do not count as appropriate initial actions.
The deadline for the implementation of the first measure was recently extended from February 28, 2021 to May 31, 2021 by a Council of Ministers decision.
Tip:
We recommend a as possible comprehensive documentation of the first measure(n)in order to be prepared for queries from the aws to be prepared for queries.
The Implementation of the investmenten respectively the Completion (after timely first measure) must be After extension by February 28, 202 at the latest3 (for investments over EUR 20 million until February 28, 2025) take place. These extensions wasn from Federal Minister Schramböck announced last week.
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If the total investment amount is at least EUR 5,000.00, an application can be submitted via the aws Funding Manager by February 28, 2021.
Tip 1:
In order to reach the minimum amount of EUR 5,000.00, several investmenten (also low-value assets) be summarized. Payment and settlement of the premium are however only possible after completion of all investments and there must be an invoice for each individual investment. Should itself several investments on one common invoice areIn the case of the “other” measures, care must be taken to ensure that measures subsidized by 7% or 14% are shown separately.
Tip 2:
While the deadline for the first measure has been extended to May 31, 2021, applications will still only be accepted until February 28 2021 possible. Consequently, the planning of the investment must be sufficiently concretized by the end of February, at the same time must ae first measure has not yet taken place.
The application itself may be submitted by the taxpayer himself or by an authorized auditor, tax advisor or accountant. From a grant amount of EUR 12,000.00, the capitalization of the capital good must be confirmed by one of the named representatives.
Per application submitted only one settlement is possible. This statement of the investments made is the aws at the latest the months from the last commissioning and payment.to. Payment will only be made once the accounts have been settled.
Tip 3:
When combining several investmentsen in one application it should be ensured that if possible in the be completed in the same period. If this should not be the case, the settlement and thus also the payment accordingly.
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The investment premium provides a great incentive for the implementation of greening measures. The investment premium is particularly advantageous in combination with other tax benefits. This applies, for example, to to electric vehicles as company cars or to photovoltaic systems (in connection with the photovoltaic decree).
In the case of significant investments, a written individual clarification of doubtful issues is recommended. We are happy to support them in this!
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