Greece Offers Tax Breaks to Enterprises Promoting Innovation

Greece Offers Tax Breaks to Enterprises Promoting Innovation

The Greek government is offering tax-breaks to companies promoting innovation and research. A joint ministerial decision was recently published in the government's gazzette offering another significant institutional tool for the support of innovative enterprises through tax breaks offered for spending on research equipment and scientific tools.
This decision, combined with a tax code, envisages that spending related with amortization of equipment used for research projects will be deducted from gross revenues of enterprises, raised by 30 pct. Additionally, the criteria of characterizing these spending are expanded, while clear and more favourable measures are introduced for innovative enterprises, adding amortizations both for buildings and operating spending.
Costas Fotakis, deputy Minister of Research and Innovation, commenting on the decision said: "These incentives contribute to the government's central aim to create a new development model based on the knowledge economy".

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.