S.L. 463.48 ст. 5Utilisation of tax credits.

(1) An undertaking benefitting from tax credits in accordance with these regulations and the respective Guidelines shall be entitled to deduct from the amount of income tax, which is due on its chargeable income derived from its trade or business in the years of assessment immediately following the award of the benefit, an amount equivalent to the tax credit awarded to it.

(2) An undertaking that, in any year of assessment, does not utilise any tax credit awarded to it or deducts a value from the amount of income tax which is due on its chargeable income derived from its trade or business that is less than the tax credit awarded to it, shall carry forward the unutilised tax credit for the subsequent years of assessment.

(3) Tax credits awarded in accordance with the regulations and the respective Guidelines shall not give rise to a right to a refund of tax.