The government adopted on Wednesday a decree on regional tax brakes for research and development. The decree regulates tax brakes for research and development in line with the corporate income tax act, which earmarks higher tax brakes for investment in research in less developed regions.
The act which is already in force and the one that will enter into force on 1 January 2007 both bring tax relief for research and development, Finance Ministry State Secretary Andrej Sircelj said after the government's session.
Companies are able to claim as a tax relief 20% of the investments in research and development, or 30% in regions where GDP is under the national average, or 40% where the GDP is more than 15% under the national average.
Companies established or operating in the Savinjsko, Gorenjsko and Gorisko regions and SE Slovenia will be able to claim 30% of the investments as a tax relief, while companies in the Pomursko, Podravsko, Korosko, Zasavsko, Spodnje Posavje and Notranjsko-Kraska regions will be able to claim 40% of the investments as tax brakes.
If the majority of those entitled to these tax brakes claim it, tax proceeds in 2007 would decrease by SIT 800m (EUR 3.34m), Sircelj said.
The relief is a sort of an encouragement for the regions, said Sircelj. He added that especially micro-, small- and medium-sized companies, that is companies employing up to 250 people and with up to EUR 50m in annual turnover, will be able to claim the brakes.
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