The Recovery Package in the context of tax changes
Following the Government announcement on the Recovery Package, the related amendment to the tax regulations was published. Below we summarise a selection of the most important changes in this area.
New Innovative Programmes: Trend and Environment for Life
The Research, Development and Innovation Council approved a new programmes, “TREND” and Environment for Life .
TREND programme
The Research, Development and Innovation Council approved a new programme, “TREND”, supporting industrial research and experimental development. The programme is patronised by the Ministry of the Industry and Trade of the Czech Republic but will be implemented by the Technology Agency of the Czech Republic.
The programme aims to support implementing the outcomes of industrial research and experimental development into practice and penetrating new markets. New digital technology increasing the degree of automation and robotisation will rank among supported activities. The programme budget is CZK 15 billion, with the programme duration of eight years.
Environment for Life
Furthermore, the Research, Development and Innovation Council approved the Environment for Life programme, which is patronised by the Ministry of the Environment of the Czech Republic but will also be implemented by the Technology Agency of the Czech Republic.
The programme aims to respond to the current climate issues. Aid will be provided to projects focusing on air, soil and water protection as well as waste management. The programme budget is CZK 5 billion, with the programme duration of nine years.
The article is part of dReport – January 2019, Tax news; Grants and investment Incentives.
