Economic policy projections focus on growth and increasing employment. Economic development based on research, knowledge and innovation as well as stimulating R&D&I required for producing goods of high added value is the sine qua non of this objective. This is what the National Research, Development and Innovation Strategy serves, which ambitiously targets R&D spending in Hungary to reach 1.8 percent of GDP by 2020. It has been one of the key resolutions of the Government to assist accomplishing this goal via the instruments at its disposal and one of these is establishing a competitive R&D tax incentive system. Indirect tax incentives may carry several advantages (less distortion to market processes; smaller administrative burden; more transparency and predictability, lower direct R&D costs and significantly influence the choice of investment location by large enterprises).

For more informations please check the attached document on the right side of the page!

(Ministry of National Economy)