The MIA/Vamil scheme is a program administered by the Ministry of Infrastructure and the Environment to encourage environmentally friendly investments. Under the MIA, a business owner can benefit from an investment deduction of up to 36% of the investment amount. This is in addition to the standard investment deduction. The Vamil scheme allows for the depreciation of 75% of the investment costs. Eligible investments can be found on the 2019 Environmental List.

One of these investments is the purchase of a Greenwall. Business owners who invest in a Greenwall can therefore benefit from the program.

Target Audience

Business owners who pay income tax and/or corporate income tax and wish to make tax-advantaged investments in environmentally friendly technologies. You can find all the information about MIA/VAMILhere.

Below is the full text of the 2019 environmental list:

Wall Planting System

 Published on: December 10, 2019

a. intended for: reducingnoise pollutionand promoting nesting, shelter, or foraging opportunities for animals by means of a wall-vegetation system with vegetation on both sides, in which the metal frame is protected in such a way that no substances leach into the soil,

b. consisting of: ametal frame with a protective coating, hemp, vegetation on both sides, and, optionally, the following components: irrigation piping and nesting facilities.

The business asset is eligible for the environmental investment deduction up to a maximum of €150 per square meter.

Ask your accountant or bookkeeper about the options available for your business.