Investment deduction BIK: legislative proposal

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.

Marie Oudemans

Christiaan Oudemans

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