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Tax Incentive Schemes For R&D – A Solution For The Romanian Economy


  • Ion POPA

    () (The Bucharest Academy of Economic Studies, Romania, Faculty of Management)

  • Victor LAVRIC

    (The Bucharest Academy of Economic Studies, Romania)

  • Mircea Stelian DRAGHICI

    (The Bucharest Academy of Economic Studies, Romania)


This study aims to examine what are the most efficient designs for a tax incentive scheme for Romania. We also investigated the relationship between the level of economic development and the R&D intensity in the European Union States. Our results suggest that the policy making authorities should focus on facilitating private investments in R&D, and especially on specific fiscal incentive schemes for SMEs. These schemes are important and efficient because they, by supporting enterprise’s real needs, are not distorting the markets, thus facilitating and supporting R&D projects with very specific needs, with a more appropriate timing of the projects. After a complex description and analysis of ten examples of good practice in EU, we found out that an efficient scheme for R&D activities in Romania should focus on R&D expenses, containing both capital and current expenses, a benefit in form of an additional deduction for eligible R&D expenses, a flat rate system and size differentiation.

Suggested Citation

  • Ion POPA & Victor LAVRIC & Mircea Stelian DRAGHICI, 2012. "Tax Incentive Schemes For R&D – A Solution For The Romanian Economy," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 16(2), pages 87-99, November.
  • Handle: RePEc:fmb:journl:v:16:y:2012:i:2:p:87-99

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    Cited by:

    1. Monika Walicka & Joanna Prystrom, 2016. "R&D tax incentives for innovation and managerial decisions," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 11(4), pages 46-56, March.
    2. Victor LAVRIC, 2015. "Specific mechanisms for stimulating R&D investments within the EU," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 3(4), pages 61-76, November.
    3. Victor LAVRIC, 2013. "The Dynamics Of R&D Human Resources In Romania Within The European Context," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 7(1), pages 259-267, November.

    More about this item


    R&D; Tax incentives; SMEs; European Union; Knowledgebased economy;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid


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