German Cabinet Approves Draft Law for New R&D Incentive with Amendments

On 22 May 2019, the German Federal Cabinet adopted the draft law published by the Ministry of Finance in April for the support of research and development (R&D), with certain amendments. The main aspects of the draft are maintained, which includes a 25% tax subsidy (allowance) for qualifying R&D expenditure incurred. For this purpose, qualifying R&D expenditure is equal to 1.2 time…
Continue Reading