Clarifications provided by GSRT on non-eligible costs of R&D expenses

Clarifications provided by GSRT on non-eligible costs of R&D expenses

NON-ELIGIBLE COSTS

The following categories of S&T expenditures do not qualify as eligible costs:

1. Any type of fees paid to shareholders, managing directors, Chairmen of the Board, Directors, partners, managers, general managers and company owners; fees paid to persons holding any of the aforementioned capacities in any of company’s affiliates, including to any persons that held any of the aforementioned capacities any time during the last two tax years prior to the date the related expenditure was incurred.
2. Costs relating to severance pay, bonus fees, benefits in kind and overtime remuneration expenses.
3. Costs arising otherwise than in direct relation to the particular S&T project, i.e. in relation to other activities of the company.
4. Transportation expenses incurred in relation to persons not being members of the project team.
5. Costs relating to fines, pecuniary sanctions or dispute resolution expenses.
6. VAT, if refundable or otherwise offsetable.
7. Debit interest, financial trading commissions and other net financial expenses.
8. Advertising, distribution and product/operations marketing expenses.
9. Entertainment expenses.
10. Education/training expenses, save for training on the use of laboratory equipment / instruments.
11. Costs relating to participation in commercial fairs.
12. Car leasing expenses.
13. Costs relating to daily transportation and boarding expenses, which are not accompanied by payment receipts and taxi fares (subject to a daily cap of EUR 40.00 per day, where evidence of payment is submitted).