ARTICLE
24 April 2024

Green Tax Incentives - Increase In Capital Allowances

Ki
KPMG in Cyprus

Contributor

KPMG has been operating in Cyprus since 1948 and currently employs more than 800 professionals working from 6 offices across the island. It is a member of KPMG International Limited, a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG operates in 143 countries and territories and has approximately 273,000 people working in member firms around the world. Clients look to KPMG for a consistent standard of service based on high-order professional capabilities, industry insight, local knowledge and expertise.
Following the publication in the Government Gazette on 12 April 2024 of Law N.45(I)/2024, increased capital allowances will be granted on capital expenditure incurred during the tax years 2023-2026 ...
Cyprus Tax
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Following the publication in the Government Gazette on 12 April 2024 of Law N.45(I)/2024, increased capital allowances will be granted on capital expenditure incurred during the tax years 2023-2026 for:

  • Improving the energy efficiency of buildings at the rate of 7%
  • Technical systems used for improving the energy efficiency of buildings, renewable energy systems and electric energy storage systems (batteries) at the rate of 20%
  • Electric vehicles at the rate of 33,3%

Details of the new provisions of the Law can be found here

Πράσινα φορολογικά κίνητρα - Αύξηση στις Κεφαλαιουχικές Εκπτώσεις

Φορολογική Ενημέρωση

Δημοσιεύτηκε στην Επίσημη Εφημερίδα της Δημοκρατίας στις 12 Απριλίου 2024, ο Νόμος Ν.45(Ι)/2024 σύμφωνα με τον οποίο, θα παραχωρούνται αυξημένες κεφαλαιουχικές εκπτώσεις, για κεφαλαιουχικές δαπάνες οι οποίες πραγματοποιούνται εντός των φορολογικών ετών 2023-2026 οι οποίες αφορούν:

  • Βελτίωση της ενεργειακής απόδοσης των κτιρίων με ποσοστό 7%
  • Τεχνικά συστήματα ενεργειακής απόδοσης των κτιρίων, συστήματα ανανεώσιμων πηγών ενέργειας καθώς και μπαταρίες αποθήκευσης ηλεκτρικής ενέργειας με ποσοστό 20%
  • Ηλεκτρικά οχήματα με ποσοστό 33,3%

Λεπτομέρειες των νέων προνοιών της νομοθεσίας αναφέροντα鬆εδώ

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