Tax Credit for Companies carrying out Energy Renovation Works
If you are an SME, you may be eligible for tax credit on expenses towards specific energy renovations of company buildings for tertiary use. This is dependent on the geographical location of your company, i.e if it is in mainland France or overseas.
In order to qualify for this, the renovation work must have been carried out on buildings of which the company is an owner or tenant. Furthermore, these buildings must have been used for the company’s industrial or commercial activities.
The tax credit corresponds to 30% of expenses up to 25 000 € towards these renovations. It is applicable to renovations completed at least 2 years ago. Also, the expenses must have been incurred between 1 October 2020 and 31 December 2021.
The calculation of the tax credit is based on the deductions of aid towards energy saving certificates as well as public aid towards transactions eligible for the tax credit.
The amount of the tax credit is deducted from the business’ income tax of a given tax year during which the expenses were incurred. You must either report the tax credit within three months of the end of the tax year, or if the fiscal year has ended on December 31st, it must be filed on or before the second business day after May 1st.
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