The Romanian government has approved a multibillion-euro stimulus package with seven-year tax credits and large research and development deductions to spur economic recovery and strategic resilience.
Innovative firms can qualify for a 200% extra deduction for eligible R&D expenses, on top of financial grants, under an emergency ordinance approved by the government Tuesday.
The tax credits, which are usable against profit tax due, target manufacturing projects in segments with large trade deficits, critical raw material value chains, and net-zero technology productions.
- The up to €3.95 billion ($4.65 billion) stimulus package follows several fiscal ...
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