Greece R&D Tax Credit

Greece's R&D tax incentive allows companies to claim a super-deduction on qualifying R&D expenditures, reducing their taxable income by more than the actual amount spent on research and development. The enhanced deduction rate applies to personnel costs, materials, equipment, contracted research, and patent-related expenses. Companies must conduct systematic research activities aimed at creating new knowledge or applying existing knowledge in new ways to qualify for the incentive.

Companies must maintain detailed project documentation including research objectives, methodology, personnel involvement, financial records of qualifying expenditures, and evidence of technological advancement or uncertainty. An annual report on R&D activities must be submitted to the General Secretariat for Research and Innovation (GSRI). Companies should keep contemporaneous records throughout the project rather than preparing documentation retroactively, as the tax authorities may conduct audits.

Greece's R&D tax incentive under Law 5162/2024 provides a super-deduction on qualifying research and development expenditures, allowing companies to deduct more than 100% of their R&D costs from taxable income. The exact rate can provide a deduction of up to 200% for certain qualifying expenses, significantly reducing the effective tax burden on innovation-focused businesses operating in Greece.

Qualifying expenses under Greece's R&D tax incentive include personnel costs for researchers and technicians, consumables used in research, equipment depreciation, subcontracted research performed by universities or approved institutions, and patent-related costs. The R&D activities must involve systematic investigation aimed at creating new knowledge, products, processes, or services.

Law 5162/2024 provides two hundred percent super deduction for qualifying expenditures, meaning companies deduct twice actual spending from taxable income. With increased spending versus prior years, multipliers can go higher. Combined with the twenty-two percent corporate tax rate, this creates an effective subsidy equivalent to approximately forty-four percent of qualifying investment, positioning Greece among Europe's most attractive R&D jurisdictions.

Companies register projects with the General Secretariat for Research and Innovation providing technical descriptions of objectives, methodologies, and deliverables. External auditor verification of expenditure authenticity accompanies annual tax filings. The Secretariat may conduct post-filing assessments evaluating whether activities constitute systematic investigation resolving scientific uncertainty rather than routine adaptation or market research.

Law 5162/2024 provides two hundred percent super deduction for qualifying expenditures, meaning companies deduct twice actual spending from taxable income. With increased spending versus prior years, multipliers can go higher. Combined with the twenty-two percent corporate tax rate, this creates an effective subsidy equivalent to approximately forty-four percent of qualifying investment, positioning Greece among Europe's most attractive R&D jurisdictions.

Companies register projects with the General Secretariat for Research and Innovation providing technical descriptions of objectives, methodologies, and deliverables. External auditor verification of expenditure authenticity accompanies annual tax filings. The Secretariat may conduct post-filing assessments evaluating whether activities constitute systematic investigation resolving scientific uncertainty rather than routine adaptation or market research.