In the annual income tax returns for 2016, business will have the opportunity for the first time to claim a new tax relief for research and development (R&D).
Costs incurred in 2016 on R&D may allow an incentive to be claimed in the form of an additional deduction from the tax base and thereby reduce the tax payable.
110 percent (130 percent from 2017) for large enterprises or 120 percent (150 percent from 2017) for SME’s of other eligible costs associated with research and development (including depreciation).
R&D are widely understood to be activities related to the development of improved or new technologies/processes/products.
even costs of projects which have not been successful will also be eligible.
The new relief may be claimed in the annual CIT tax return, which should be submitted together with a new annex CIT-BR.
The Grants & Incentives team at KPMG is part of the international network of experts KPMG R&D Incentives Network. We have many years of experience in identifying and claiming grants and incentives for R&D worldwide.
if necessary, we help in adjusting the company organizational – legal and accounting processes for the effective use of incentives.
