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

|Proposed Changes|Germany
Germany

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…

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