Hydrogen Tax Incentives under the Restriction of Special Taxation Act

In 2023, hydrogen technologies were designated as "National Strategic Technologies" besides their previous designation as "New Growth-Core Technologies". This status means they can access special R&D (Article 10) and investment tax incentives (Article 12). The upper bound of the incentives are a function of the company size: 30%, 30-35%, 40% for large, mid-size and SMEs regarding the R&D tax credit and 15-25% for facility investments. This also applies to equipment manufacturing and fuel cells provided they are classified as "new growth and source technologies" An additional 10% tax credit is granted on the excess amount if R&D or facility investment in a given year exceeds the company’s four-year average The incentives are available for eligible expenditures made until 2029

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