Tax incentives for sustainable investing are a tool that governments use to encourage certain types of activity.
These benefits to businesses translate into money saved by implementing practices that protect the environment.
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Who owns a business should do tax planning as a business strategy. In this way and according to the law, you can access discounts and deductions with established legal parameters.
What incentives does it apply to?
• Excluding VAT (19%) on domestic purchases and imports of services.
• Exemption from customs duties.
• Discount on income tax.
• Deduction from the determination of the income base of 50% of the investment.
• Accelerated depreciation of assets.
“The various environmental or energy impacts that companies have will not only have the certification of a sustainable program with the approval of the National Government, but will also be able to count on the exclusion of 19 with the savings in the value of their investments. % VAT on national purchases and imports of goods and services, exemption from customs duties, among others,” explains Olga Bedoya of Caribbean Cargo Agency in her Consulting unit in collaboration with Banco de Occidente.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
