Romania’s main R&D Tax Incentive offers a minimum 150% superdeduction on R&D expenses.
|150% R&D superdeduction|
||The Superdeduction could be claim if the company paid taxs on the year. The unused tax credits is report on the next year and in the following 7-year period. The unused is never cashed.
No carry back of tax losses is available.
|Eligible Claim Period
||The superdeduction is included on the annual corporate tax return, which must be filed by 25th of the third month after the end of the tax year|
||The scheme was originally introduced in 2015 by the Ministry of Financial and the Ministry of Research, with modifications being made in 2016 and 2017.|
|Ease of Application
||Claim is based on a self-assessment; no upfront approval is requested. Claiming company is requested to present the tax clearance certificate for concerned fiscal year.|
|Regulating Body Policies
||The regional and national tax offices, and the Ministry of National Education and Scientific Research.|
|Issues to Consider||R&D definitions are Frascati based (Fundamental R&D are not eligible), need a notion of a risk on the market.
The projects costs can be claim OR by the contractor OR by the subcontractor. Need a letter of renunciation from the contractor for the subcontractor to claim the project.