Greece Improves Incentive for Assets used in Research

On 11 May 2016, Greece published Law no. 4386/2016 in the Official Gazette, which includes changes to the incentives for scientific and technological research activities. One of the main changes is allowing qualifying taxpayers to deduct in full the expenses incurred for such activities, including the cost of equipment and instruments in the period the costs are realized, with any excess carried forward for up to five years. For this purposes, the 130% super deduction applies. Previously, suc…