The Recovery Package in the context of tax changes
Following the Government announcement on the Recovery Package, the related amendment to the tax regulations was published. Below we summarise a selection of the most important changes in this area.
Fifth call of programme Energy savings
Call V of the Energy Savings Programme supports projects aimed at reducing the energy demands of a company. Supported activities include, for example, reconstruction and modernisation of energy production facilities for own consumption, distribution system of electricity, gas and heat in order to increase efficiency, modernisation of lighting systems of buildings and industrial sites, reducing energy demands of production and technological processes, modernisation and implementation of measurement and control systems, installation of RES for the company’s own consumption.
- Who can apply for a subsidy:
- Small, medium-sized and large businesses.
- What the subsidy covers:
- Tangible fixed assets;
- Intangible fixed assets required for operating tangible fixed assets;
- Energy assessment;
- Project documentation;
- Expenditure on the organisation of a selection procedure; and
- Engineering activity.
- Subsidy amount per project:
- CZK 500 thousand – EUR 15 million; and
- Financial aid for an energy assessment, project documentation, organisation of selection procedures and engineering activities is provided under the de minimis
- Aid amount per project:
- Maximum 50% of eligible expenditure for small businesses;
- Maximum 40% of eligible expenditure for medium-sized businesses; and
- Maximum 30% of eligible expenditure for large businesses.
- Aid amount for an energy assessment, project documentation, organisation of selection procedures and engineering:
- Maximum 50% of eligible expenditure for small businesses;
- Maximum 40% of eligible expenditure for medium-sized businesses; and
- Maximum 30% of eligible expenditure for large businesses.
- Receiving applications:
- 16 September 2019 – 30 April 2020.
It is a continuous call. The project must be executed in the Czech Republic, outside of the capital city of Prague; the actual place where the project is executed is decisive.
The article is part of dReport – August 2019, Tax news; Grants and investment Incentives.
