Research and Developement Tax Credit
Posted by Angela Clarke | Filed under Accounting, Auditing, Budget, Grants, Latest News, Payroll, Research and Development, Start ups, Tax
RESEARCH AND DEVELOPMENT TAX CREDIT
R&D Tax Credit Summary
- A 25% tax credit can be claimed against qualifying R&D expenditure by Irish tax-resident companies within the European Economic Area (EEA).
- Flexibility in the R&D tax credit system grants companies whose corporation tax liability is insufficient to claim the credit via a refund by the revenue commissioners [...]
Tags: Expenditure on Buildings or Structures used for R&D activities, investigative or experimental activities, qualifying buildings, qualifying R&D expenditure, R&D, R&D Tax Credit, R&D work sub-contracted, Research and Development, RTI Grants, Section 766A TCA 1997, Systematic