R&D activity can count on new allowances

On June 5, 2021, the Ministry of Finance announced the commencement of pre-consultation on a project introducing new income tax reliefs, i.e. relief for innovative employees and relief for a prototype, as well as increasing the limits of deductions in R&D relief. The possibility of simultaneous use of IP Box and R&D tax relief was also presented.

According to PwC experts, entities with R&D tax relief not deducted in the previous year will have the right to deduct it from income tax advances…