Tax incentives and loan support
Corporate profit tax incentives for R&D:
- Expenses incurred by companies carrying out R&D projects can be deducted from taxable income three times;
- Long-term assets used in the R&D activities can be depreciated within two years.
Corporate profit tax incentives for investments into new technologies:
- Companies carrying out investments into new technologies can reduce their taxable profit by up to 50%. Investment expenses exceeding this sum can be postponed to later, consecutive tax periods (up to five years).
Investment Guarantees And Bank Loan Support
Investment and Business Guarantees, INVEGA, a company established by the state, provides guarantees on bank and credit union loans as well as administering loan interest subsidies for small and medium-sized enterprises (SMEs) in need of business financing.
For more information on INVEGA and investment guarantees and bank loan support please visit www.invega.lt
