The fiscal incentive for companies, which carry out research & development (R&D) activities to increase their range of products, sustain Romania’s economic growth, according to Florin Gherghel, head of Tax Department at Noerr Finance & Tax.
A company can deduct R&D related expenses if it aims to obtain a new product that generates higher revenues. There is an additional deduction calculated on the taxed profit, leading to another 50 percent deduction of the eligible expenses, according to the manager.
Find more topics to be addressed within the Tax & Law sessions on the event’s official page, here: http://business-review.ro/br-events/tax-law-2013/
