IRISH FIRMS COULD MAKE CLAIM MORE RESEARCH AND DEVELOPMENT CREDITS
July 1st, 2019
Irish small-and-medium-sized enterprises (SMEs) could make more use of the country’s R&D tax credits to stimulate innovation according to a recent KPMG study which found only 55% of SMEs surveyed had claimed R&D tax credits. Also, only half of respondents were aware of a ‘knowledge development box’ tax relief offered by Ireland’s Revenue Commissioners to encourage more spending on research and development activities.
The credit is calculated at 25% of qualifying expenditure and is deducted against a company’s corporation tax. Introduced in ...
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