On 29 July 2022, Greece enacted legislation (Bill 4957/2022) that provides new research and development (R&D) tax incentives for companies. The law includes the following measures:
-Provision of a deduction for R&D-related business expenses related to the funding of the Special Research Fund accounts of Greek Higher Education Institutions (HEI) for the preparation of industrial PhDs; the development of research partnerships and conducting research projects to conduct industrial research.
-Corporate profits from the exploitation of an internationally recognized patent developed in a funded program of a Greek higher education institution to carry out industrial research are tax-free for up to 3 consecutive years, starting from the year in which the profits were first realized.
