Research premium 2024: Record numbers for companies in Austria!

Research premium 2024: Record numbers for companies in Austria!

Laimgrubengasse 10, 1060 Wien, Österreich - The research premium in Austria remains a strong instrument for promoting innovation and investments in research and development. Since its introduction in 2002, she has supported companies with a tax premium of 14 percent on research expenses. According to the information from APA-OTS in 2024 have a total of 2,506 companies on the research premium in the Austrian research promotion company (FFG) requested. This shows a crucial increase in F&E activities, since the companies have claimed F&E investments in the amount of 8.8 billion euros. Over 80 percent of these applications come from small and medium -sized companies (SMEs).

The Minister of Labor and Economic Affairs Martin Kocher emphasizes how important the research bonus in international competition is. The year 2024 was a record year for Austria's research location with 8,648 projects requested and a funding volume of 1.4 billion euros. For comparison: In 2017, the requested sum was still 755 million euros, a clear increase that underlines the positive development of the research premium. Since 2013, the FFG has had the responsibility of creating expert opinions that examine the quality and scope of research and development services, while the decision on the awarding of the premium is in the hands of the tax offices.

Details on the premium conditions

For the application for the research premium, certain prerequisites must be observed, such as "https://www.usp.gv.at/themen/steuern-finanzen/ taxally-gannmittlung/weiter-zur-zur- taxier-wetrinvermittlung/betriebse-und-auschen-und-zorschungspraemie.html"> Federal Ministry is described in detail. The premium is not taxable and applies to both business and commissioned research. In addition to wages and salaries, direct expenditure and investments that contribute to research can also be asserted. All entrepreneurs, regardless of the legal form, can apply for the premium, whereby proof of research activities can be claimed up to four years retrospectively.