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Austria stands out due to its tax incentives for research

man in virtual environment © dieindustrie

Companies such as Infineon, Siemens and Bosch have been carrying out research in Austria for decades. In an international comparison, the overall framework for R&D is excellent. Austria stands out, especially due to its tax incentives for research and development. The research tax credit is one of its biggest competitive advantages. The Alpine Republic not only helps to fund human resources via investments but also buildings, research facilities and technologies. There is no maximum financial limit. The research tax credit in Austria applies to fourteen percent of the total investment volume. The research tax credit is credited to the company by the tax authority, even in the case of firms which do not report a profit.

The Austrian Research Promotion Agency (FFG) is one of the first points of contact for innovative companies in the field of autonomous driving thanks to its funding programme "Mobility of the Future" as well as its emphasis on automated mobility. ABA would be happy to provide you with information about other funding possibilities and all you need to know about the business environment for companies in Austria.

Continue reading and learn more about the R&D location Austria!

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