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Formalities

Tax relief – Tax on Construction, Installations and Works (ICIO)

Tax relief

In their fiscal byelaws, the local councils can include tax relief on the amount due and regulate other formal matters:

  • a) Tax relief of up to 95% for constructions, installations or works that are declared of special local interest or utility, as for social, cultural or historical-artistic reasons or because the project promotes employment. The full board of the company involved must submit the declaration, agreed on by a simple majority, which must accompany the application for tax relief.
  • b) Tax relief of up to 95% for constructions, installations or works that have systems for the use of thermal or photovoltaic solar energy. For this relief to be granted the energy installations must be approved by the competent authorities. Relief referred to here will be applied to the amount resulting after application of the tax relief in section a).
  • c) Tax relief of up to 50% for constructions, installations or works within the framework of plans to boost private investment in infrastructures. Relief referred to here will be applied to the amount resulting after the application of relief in sections a) and b).
  • d) Tax relief of up to 50% for constructions, installations or works that are related to social housing under the official protection regime. Relief referred to here will be applied to the amount resulting from the application of relief outlined in the sections above.
  • e) Tax relief of up to 90% for constructions, installations or works that improve accessibility and habitability for the disabled. Relief referred to here will be applied to the amount resulting from the application of relief outlined in sections above.

The fiscal byelaw must determine, among other things, if several or all of these forms of tax relief can be granted concurrently.

Related formalities