Tax breaks related to R&D investment could be enhanced

Working group within the informal Platform for connecting research and industry met March 14 to debate further details of possible tax incentives on R&D. Costs related to the purchase of R&D results from universities could become a tax deductible item for businesses as of 2013. Year-on-year increase in R&D investment of individual businesses could be promoted through a special tax incentive. Details are being discussed by the Ministry of Finance and the Research and Development Council (RVVI).