Increases the tax deduction for R&D expenses
29 Jul 2020
On July 29 2020, the Greek Government adopted Law 4712/2020, which amended the Income Tax Code and increased the tax deduction for R&D expenses from the gross income of companies from 30% to 100%. Additionally, an alternative procedure for certifying the expenses and their realization was introduced to accelerate the application process, to increase Greece's appeal as a location for R&D investments. The new tax deduction rate becomes effective on September 1, 2020.
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Type:
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Treatment and operation (Corporate taxation)
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Promotion and facilitation (Investment incentives)
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