Karen Chelstowska, CPA

Karen Chelstowska, CPA
Karen is a tax and incentives and site selection expert with over 30 years of experience helping global organizations identify ideal locations across the globe and secure financial and economic benefits from governmental organizations for a wide range of qualifying activities. Over her career, Karen has worked with clients in North America, Europe, the Middle East and Asia Pacific, and has had in-country roles in the US, Poland, and Belgium.
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Recent Posts

Es ist nicht zu spät – Euros Available in Germany for Research

Written by Karen Chelstowska, CPA. Updated Sep 24, 2021.

It’s not too late to take advantage of Germany’s new research and development (R&D) tax credit. This credit was introduced in January 2020 and is worth up to EUR 1 million per tax year. The best part?  If the credit exceeds your tax liability, the excess is fully refundable. This means that the German government will refund all or a portion of the credit back to you in cash. The German authorities are giving taxpayers four years to file their R&D claims. So, even if you have already filed your 2020 tax return, or do not have time this year to get started on it, you can still benefit through 2024. It’s not too late, but don’t wait too long to file!

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