The Income Tax Law No. 4386/2016 (amended) has published in the Official Gazette on 11 May 2016 and according to the new law which replaces article 22(1) of the Income Tax Law, the expenses for scientific and technological research are deductible from the company’s gross revenue at the time of their realization, in the past, the deductible period was 3 years. The actual deductible expenses are improved by 30% and they might include the depreciation of the equipment and instruments used for the purposes of scientific and technological research as an incentive. Losses arise when the deduction of the aforementioned expenses can be carried forward up to 5 years. The provision is valid from 11 May 2016.