Tax breaks for Research and Development
The Stability Act of 2015 has introduced a tax credit for enterprises that invest in research and development for the tax years 2015 to 2019 (1 January 2015 to 31 December 2019). 10 April 2015The tax credit is allowed for 25% of annual incremental investments in research and development compared with the average spent in the 3 tax years prior to the one ending 31 December 2014.
The credit will also apply for 50% of investments in research and development relating to the recruitment of highly qualified staff, and expenses sustained for research contracts with Universities or research bodies and other enterprises, such as innovative start-ups.
The maximum annual amount allowed is 5 million euros for each beneficiary. To take advantage of these benefits, the minimum expense for each tax year is 30,000 euros.
