Tax concessions

Last reviewed 29 Mar 2023

Direct

Research premium: 14% of expenditure; expert report of the Austrian Research Promotion Agency (FFG) is necessary
Contract research: client has a premium of 14% of a maximum of EUR 1 million, as far as contractor does not apply for premium

Indirect

Income tax concessions, e.g.

• per diems for business travel in the country and abroad
• cost of use of own vehicle for business purposes
• allowances for increase cost of field work up to the amount of EUR 100 in the month if accom- modation and meals are not provided
• family separation up to the amount of EUR 100 in the month
• assistance in case of serious illness or death of the close family up to the amount of EUR 1,000
• severance payment in the case of contract ter- mination at minimum amount of three average salaries in Montenegro or three employee salari- es if it is more favorable for the employee
• scholarship up to EUR 200 per month

*Sympathy assistance in case of death of an employee, member of his/her immediate family, and retired worker up to EUR 1,500;

* Severance payment in case of retirement up to EUR 1,000;

* Damage compensation resulting from consequences of accidents at work place according to the decision of the court or court settlement if the compensation is set as a lump sum amount;

*Trade union welfare assistance paid out from the trade union membership fee funds to union members;

Tax credits

Family Bonus Plus:

until the children’s age of 15: EUR 50 pa.;

Children surplus:

none

Sole earner deduction pa.:

N/A

Single parent deduction pa.:

N/A

Child deduction:

N/A

Alimony deduction:

N/A

if in employment / pension income p.a.:

N/A

Allowances and exemptions

Profit allowance:

Government subsidies

N/A