Businesses looking to reduce their tax burden and reinvest in growth can use the Micro Invest Scheme, which provides tax credits of up to €50,000 for eligible investments. Certain businesses may even qualify for an increased cap of €70,000, with the scheme covering up to 45% of eligible costs.
Who Can Apply?
The scheme is open to self-employed individuals and companies that have made qualifying investments the previous year. Since the scheme operates retrospectively, businesses can claim tax credits for eligible expenses already incurred.
Key Deadlines
- Self-employed individuals: 26th March 2025
- Companies: 28th May 2025
Eligible Expenses
A wide range of business investments and expenses qualify for tax credits under this scheme, including:
- Increase in wage costs
- Furbishing and refurbishing business premises (including partial renovations)
- Investment in computer hardware and software development
- Motor vehicles for commercial use
- Security systems
- Point-of-sale system upgrades
- Website development and enhancements
How We Can Help
Navigating tax credit applications can be complex, but our advisory team is here to guide you through the process. From ensuring eligibility to preparing and submitting your application, we make it seamless and hassle-free.
Act Now to Secure Your Benefits Don’t miss this opportunity to maximise your tax benefits and reinvest in your business. Contact our advisory team at advisory@clamalta.com for more information or assistance with your application.