Corporate Tax Alert (30/10/2012)
Payroll tax exemption for R&D personnel subject to upfront reporting obligation?
One of the measures in the Economic Stimulus Plan, agreed upon by the Government in July 2012, concerns a percentage increase for the partial payroll tax exemption on wages of qualifying researchers from 75% to 80%. The increase would apply as of 1 January 2013.
There seem to be plans to introduce an upfront reporting obligation of research and development programs.
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