The bill to implement the job-related investment deduction “BIK” has been published. The BIK provides for a wage tax reduction for investments into newly acquired business assets. These should be paid and put into use between 1 October 2020 and 31 December 2022. Up to an investment amount of EUR 5m, the deduction is 3% of the investment costs; above EUR 5m a 2.44% deduction can be claimed. A request should be filed with RVO. The BIK may be claimed in addition to other investment deductions.
The BIK forms a welcome compensation for businesses contributing to the economy. It remains to be seen whether the BIK will be enacted in its current form in view of the political climate.