Hasznos

The tax authority can refund company tax allowance money

On January 1, 2024, the legislator introduced a long-awaited option, based on which

companies performing R&D activities can even receive a refund from the tax authorities.

The essence of the new type of R&D tax credit is that the tax credit can fully reduce the

corporate tax for the given year, and the unused amount can even be claimed back from the

tax authority. Companies can further reduce their corporate tax in the next three years with

the unused tax credit charged for their incurred R&D costs and claim the amount of the

unused tax credit back from the NAV. The amount that can be reclaimed will have to be

indicated in the corporate tax return, and the tax authority will allocate it no later than the

last day of the year of the return.

This tax benefit can be fully recognized during the calculation of the global minimum tax.

The new type of tax relief can be particularly beneficial for companies that do not have and

are not expected to have as much corporate tax as they can offset against the previous R&D

tax base relief. These are e.g. R&D intensive enterprises or other significant corporate tax

benefits [e.g. development tax credit, energy efficiency tax credit, job creation, etc.] applying

companies.

At the same time, it is important that by applying the new type of R&D tax discount,

companies cannot benefit from the R&D type discounts available in the local business tax

and social contribution tax, however, it can be especially worthwhile to apply the new R&D

tax discount, the tax savings can even double.

Source: Tax Online