New rules were introduced by virtue of which tax credits will be granted to persons who are in possession of a permit issued by the Environment and Resources Authority for the acceptance in their quarries of construction and demolition material from third parties.
Such persons may during the years 2017, 2018 and 2019 claim a tax credit equivalent to 25% of the gross fees received by them for the provision of the above-mentioned services, provided that their fees do not exceed Eur5.50 per tonne.
The tax credit shall not exceed the tax chargeable on the income derived by such persons during the year in which the claim for the tax credit is made.
