The deductible costs should include the sum of the following:
The costs to be deducted should be booked on separate accounts. It is possible to deduct costs, as defined above, which directly and fully relate to R&D projects. If these costs partially relate to R&D projects, only a proportional part of these costs can be considered for deduction.
Costs of the acquisition of services, licences or the non-tangible results of R&D activities can also be deducted provided they are acquired from public research institutes present in the Slovak Republic.
In order to use this benefit, the company should compile and sign an R&D project including the following:
It is not necessary to file the project documentation with any institutions before the company files its tax return for the tax period in which these R&D costs will be deducted from the tax base. However, the tax authority will ask that it is presented at the tax inspection.
If the R&D costs cannot be deducted immediately due to significant tax losses, it is possible to postpone the deduction (in full or in part) until the next taxation period in which the company has a positive tax base. However, the costs cannot be deducted later than in the 4 consecutive taxation periods following the period in which the company was entitled to deduct the R&D costs.
Please note that this information is based only on the preliminary wording of the amendment of the Tax Code and may be subject to change during the work on the wording of the amendment in the approval process in Government as well as in Parliament. It is expected to enter into force as of 1 January 2015.