Tax Credits for Research and Development and Innovation Regulations

A new legal notice was published whereby a new Tax Credit for Research, Development and Innovation Regulations was launched.

This incentive is open to all undertakings which are not excluded by State Aid Regulations and which are planning to carry out or implement Experimental Development activities. 

This measure is open to all undertakings that employ for a period of at least 12 months a person holding or reading for a doctoral degree in science, information technology or engineering. 

Beneficiaries shall be awarded a tax credit of €10,000 which shall be capped accordingly if the applicant exceeds the de minimis limited allocated to the single undertaking. 

The support may be claimed once after a person holding a doctoral degree (MQF Level 8) or reading a doctoral degree in science, information technology or engineering has been employed for a minimum of 12 months. 

Such employment must not have commenced prior to 1st January 2016.

Eligible undertakings must apply after the person has been employed for 12 months but within 24 months from the commencement of employment of the person. Applicants will need to provide: 

a) an employment history of the person issued from Jobsplus;

b) confirmation that the person held a doctoral degree in science, information technology or engineering on the date of employment or was reading for a doctoral degree in science, information technology or engineering in science, information technology or engineering and complete the degree or was still in the process of complete the degree in the twelve (12) month period. 

This measure has a budget of EUR 500,000.

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