The European Commission (EC) yesterday published its “Communication on a Clean Industrial Deal,” which included the following tax-related proposals:
- Intention to issue recommendations for EU member states to adopt tax incentives to support the “clean-tech” sector, such as shorter depreciation periods for certain technology assets and tax credits for businesses in strategic sectors for the clean transition
- Adoption by June 2025 of new “Clean Industry State Aid Framework,” building on the current “Temporary Crisis and Transition Framework” and outlining conditions for tax incentives to be considered compliant from an EU State aid perspective when introduced as selective measures
Read a February 2025 report prepared by KPMG’s EU Tax Centre