Individual - Other tax credits and incentives

Last reviewed - 21 December 2023

See Exempt income in the Income determination section for additional significant tax incentives for individuals.

Investments in approved innovative enterprises

As of 1 January 2017, amounts invested each year (either directly or, in certain cases, indirectly) in approved innovative small/medium sized enterprises may be claimed as tax deductible for PIT purposes. The deduction is capped at 50% of the taxable income calculated prior to claiming this deduction, subject to a maximum deduction of EUR 150,000 per year. Unused deduction can be carried forward and claimed in the following five years, subject to the caps mentioned.

The deduction is currently available up to 31 December 2026.

Investments in audiovisual infrastructure and technological equipment

Natural persons investing in audiovisual infrastructure and technological equipment related to the audiovisual industry are entitled to a 20% deduction from their taxable income for the cost of such investment, subject to certain criteria and conditions.

See the Tax credits and incentives section in the Corporate tax summary for more information.