MIA and VAMIL are interesting subsidies for circular construction
To stimulate the transition to a sustainable circular economy, the national government has provided subsidies via the Netherlands Enterprise Agency (RVO). These subsidies are available to businesses that invest in the circular use of products, including building materials. The MIA and the VAMIL.
MIA is the environmental investment deduction that allows parties to deduct up to 36% of the investment costs from their fiscal profit. This means a business has to pay less tax.
VAMIL is a provision that allows parties to depreciate environmental investments at any time. Combined with the MIA, this can lead to fiscal benefits.
Both subsidies are particularly interesting to real estate investors and therefore to the entire construction sector. However, parties must be able to prove that they are using circular products in order to be eligible for these subsidies. This can be done by using products that are included in the NMD, the Dutch Environmental Database, with a product sheet.
Isolectra's pluggable installations, Wieland GST® and Wieland RST®, are the only ones to be included in the NMD. The category 1 environmental declaration grants the highest reduction in the environmental performance (MPG) calculation and the possibility of receiving the MIA/VAMIL subsidies.
Would you like to know more about the possibility of receiving these subsidies? Contact us today.
Are you looking for more information about the Dutch Environmental Database and the MPG calculation? Watch the NMD's video here.