The tax incentives are stipulated in an amendment to the Tax Code, approved by the Cabinet in Wednesday’s meeting. The amendment raises the deduction threshold for expenses in the research-development sector from 20% to 50%.
Social/Politics
Government Approves Tax Incentives For Research-Development Sector
Romania’s Government has approved the granting of tax incentives for research-development activities in Romania, other European Union member states and states in the European Economic Area, the Education Ministry said in a statement Thursday.