The creative tax credit is given to innovative enterprises in the area of arts and crafts. A company in this sector may obtain a 10% tax credit for expenditure on new products, including the cost of wages, design and protection of new models. The credit is 15% for small businesses that are classified as Living Heritage Companies, these being enterprises that are playing a part in the national cultural and economic development through preserving unusual skills, old machines or archive items.
The government has decided to re-introduce a de minimis rule that establishes a level under which there is no need to apply for permission under the EU state aid rules. The combined state aid or tax relief cannot exceed EUR 200,000 in a three-year period.
