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 Renewable energy sources
Call V of the Renewable Energy Sources Programme aims to support projects using renewable energy sources for energy production and distribution. Supported activities include, for example, construction of wind power plants, installation of electric and gas heat pumps, installation of solar thermal systems, construction and reconstruction of sources of cogeneration of electricity and heat from biomass and heat transfer to a heat exchanger station, construction and reconstruction of small hydroelectric power stations or heat transfer from existing electricity generating plants.
- Who can apply for a subsidy:
- Small and medium-sized businesses.
- What the subsidy covers:
- Tangible fixed assets; and
- Intangible fixed assets required for operating tangible fixed assets.
- Subsidy amount per project:
- CZK 500 thousand – up to the planned allocation of the given activity.
- Aid amount per project:
- Maximum 50 – 80% of eligible expenditure for small businesses, according to the type of activity; and
- Maximum 45 – 70% of eligible expenditure for medium-sized businesses, according to the type of activity.
- Receiving applications:
- 2 September 2019 – 31 March 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.
