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Can I deduct the subscription from tax?

If you are purchasing our carbon removal services, the general answer is no.

However, our partnership with Terraset enables donations, eligible for tax deduction in the U.S., with possibilities in Canada and the U.K. as well.

Climeworks Carbon Dioxide Removal services are not tax deductible as a payment is made in exchange for services provided.

However, if you are based in the U.S., Canada, or the U.K. you can donate to Terraset in support of Climeworks and unlock tax deduction opportunities.

Find more info here: Tax-deductible donation through Terraset – Climeworks FAQ

For individuals and legal entities that are subject to a tax on earnings (as opposed to income tax), the cost of Carbon Dioxide Removal services may be considered as a business expense and therefore reduce taxable earnings. However, this depends on the applicable national and local laws as well as the specific circumstances of the entity setup and location. Please consult with your local legal or tax advisor for advice.

Find more answers:

How do I delete my account?
FAQ

How do I delete my account?

You can pause or cancel your subscription anytime in your account and activate it whenever you like. Here is how to cancel or pause it.

How can I pause my subscription?
FAQ

How can I pause my subscription?

You can pause your subscription in the account at any time - for an unlimited amount of time, you decide when to reactivate it.

How can I change my payment method?
FAQ

How can I change my payment method?

You can change your payment method by logging into your account from a desktop and following the procedure described in this article.

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