S.L. 463.10 Art. 7Aid intensities.

(1) Where the start of works of an initial investment or for an initial investment in favour of a new economic activity falls on the 1st July 2014 and before the 31st December 2017, the total amount of investment tax credits that may be granted in terms of this regulation for a specific investment project shall not exceed:

(a) thirty-five per cent of the qualifying expenditure in the case of an undertaking which qualifies as a micro or small undertaking;

(b) twenty-five per cent of the qualifying expenditure in the case of an undertaking which qualifies as a medium-sized undertaking;

(c) fifteen per cent of the qualifying expenditure in the case of an undertaking which qualifies as a large undertaking;

(d) fifteen per cent of the qualifying expenditure in the case of a licensed hotel.

(2) Where the start of works of an initial investment or for an initial investment in favour of a new economic activity falls on the 1st January 2018 and before the 31st December 2020, the total amount of investment tax credits that may be granted in terms of this regulation for a specific investment project shall not exceed:

(a) thirty per cent of the qualifying expenditure in the case of an undertaking which qualifies as a micro or small undertaking;

(b) twenty per cent of the qualifying expenditure in the case of an undertaking which qualifies as a medium-sized undertaking;

(c) ten per cent of the qualifying expenditure in the case of an undertaking which qualifies as a large undertaking;

(d) fifteen per cent of the qualifying expenditure in the case of a licensed hotel qualifying as micro, small and medium-sized undertakings.

(3) The costs of intangible assets for large undertakings are eligible only up to a limit of fifty per cent (50%) of the total eligible investment costs for the initial investment.

(4) The maximum aid amount for a large investment project shall be calculated according to the following formula: Maximum aid amount = R x (A + 0,50 x B + 0 x C), where R is the maximum aid intensity applicable for a large undertaking carrying out an initial investment in favour of new economic activity, A is the initial fifty million Euro of eligible costs, B is the part of eligible costs between fifty million Euro and one hundred million Euro and C is the part of eligible costs above one hundred million Euro.