The Federal Ministry of Finance presented the Growth Opportunities Act for 2024 on June 17, 2023.
If the new bill is actually realized, the maximum subsidy amount will be raised from €1 million to a full €3 million (tax-free) per year. Furthermore, it will be possible to also deduct acquisition costs within the scope of an R&D project. Previously, only personnel costs were taken into account.
It is highly likely that the funding potential of the research allowance will almost double for all companies from 2024.
Since the topic is very media-savvy, it is advisable to act quickly here and start the application processes in order to get ahead of the impending wave of applications. The offices are now almost at their limits.
Further information on the draft law – BMF
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