Romania
Romania’s main R&D Tax Incentive offers a minimum 150% superdeduction on R&D expenses.
| All Companies
|
|
|---|---|
| 150% R&D superdeduction | |
| Benefit Overview
|
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 |
| Historical Background
|
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
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The regional and national tax offices, and the Ministry of National Education and Scientific Research. |
| Eligible Costs |
|
| 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. |