Record Number of Slovak Companies Use R&D Tax Relief, Saving Over 56 Million Euros

A record number of Slovak companies utilized the country's research and development tax relief program in its tenth year of operation, collectively saving more than 56 million euros. The "superodpočet" program, which allows businesses to deduct research and development expenses from their taxable income at a higher rate than standard business expenses, attracted unprecedented participation from firms seeking to reduce their tax burden while investing in innovation. The tax incentive scheme represents Slovakia's effort to encourage private sector investment in research and development activities, supporting the country's broader economic competitiveness and technological advancement goals.