INTIEAPortugal · Tax Reduction for Renewable Energy EquipmentPolicyIn force

Tax Reduction for Renewable Energy Equipment

New budget provisions allow purchasers of renewable energy equipment, such as solar panels for residential use, to benefit from a reduced VAT of 5%. Investment costs in renewable end-use technology were deductible from the income tax with a limit to the deduction set at PTE 50…

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Country / jurisdiction: Portugal · Year: 1999 · Status: In force · Level: National · Type: Voluntary

New budget provisions allow purchasers of renewable energy equipment, such as solar panels for residential use, to benefit from a reduced VAT of 5%. Investment costs in renewable end-use technology were deductible from the income tax with a limit to the deduction set at PTE 50 000 in 2000. Beginning in 1999, investors in equipment using solar energy are entitled to claim a depreciation rate of 25% (previously set at 7.14%).

Source

https://www.iea.org/policies/3482

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