LEGISLATIVE FRAMEWORK FOR GRANTING TAX DEDUCTIONS TO ENTERPRISES IMPLEMENTING SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENT (R&D) PROJECTS
A) Article 22A of the Hellenic Income Tax Code (Law 4172/2013 (Α’167)), as amended by Article 46 of Law 4712/2020 (Α’146).
B) Relevant Joint Ministerial Decisions (JMD).
In order to receive the amounts prescribed by law, enterprises must fulfill the R&D expenditure classification criteria, as defined by JMD no 100335/28.06.2019 (Β΄2600) on “Classification criteria for scientific and technological development expenditure of enterprises” and modified by JMD no 79230/26.07.2021 (Β΄3293), as well as by any relevant Joint Ministerial Decision and/or Circular governing implementation aspects of the incentive.
Scientific and technological development (R&D) expenditure are deducted from the gross revenue generated in the year the expenditure was incurred, increased by 30% according the provisions of Law no 4386/2016 (Α’83) and Law no 4485/2017 (Α’114).
Articles 46 and 55 of Law no 4712/2020 amending Article 22Α of Law 4172/2013 increased the R&D super-deduction from 30% to 100% starting from 01.09.2020.
Following an invitation by the GSRI, enterprises may submit, on an annual basis, requests for certification of scientific and technological development (R&D) expenditure incurred in the context of self-financed projects implemented during the previous financial year, and for receiving the relevant certificate, at the latest by the tax return filing due date.