FI Group team advises Australian companies to claim a refundable 43.5% tax offset for eligible companies with an aggregated turnover of less than $20 million per year and a non-refundable 38.5% tax offset for all other eligible companies.
FI Group team helps eligible Irish companies to claim a 25% tax credit on qualified R&D expenditure to offset against their Corporate Income Tax liability. Where a company has offset current and previous years’ Corporate Income Tax liabilities, it may apply for a credit payable in instalments.
Service: Research & Development Tax Credit (EFIDT)
Mexican companies are eligible for an R&D tax credit equal to 30% of the qualifying expenses and investments. The eligible expenditure amount is computed by considering the excess between the current qualifying expenditure over the average of qualifying expenditure incurred during the prior three fiscal years.
Service: Research & Development Tax Deduction / Grants
FI Group teams help Peruvian companies to claim a volume-based tax deduction of their R&D expenses depending on the following situations:
175% deduction on the R&D expenses incurred if the project is executed directly by the taxpayer or through research, technological development or innovation centres established in Peru.
150% deduction on the R&D expenses incurred if the project is executed by research, technological development or innovation centres outside of Peru.
From November 2019, micro companies and SMEs (with a turnover lower than €2.6M) are now eligible for a tax deduction of up to 215% of R&D expenses incurred in Peru and a 175% tax deduction for expenses incurred outside Peru.
FI Group team advises Singaporean companies to claim a tax deduction of up to 250% for R&D expenses incurred inside in Singapore. For companies having incurred eligible R&D expenses abroad, a tax deduction of 100% can be claimed.
Both tax deductions represent a net saving of 42,5% on R&D expenses when incurred inside Singapore and a 17% net saving on eligible R&D expenses incurred outside the country.
FI Group team help Swiss companies to claim an additional deduction of up to 50% from their own reference R&D costs incurred or R&D costs commissioned to third parties during the tax year. Cantons are free to introduce this measure in the cantonal legislation and decide on the rate of the additional deduction.
– Patent Box
All Swiss companies involved in developing patents may apply for their Corporate Income Tax on income from qualifying patents to be treated separately. The proportion of income from patents and similar rights to the extent it is based on qualifying R&D expenses in Switzerland is exempt from Corporate Income Tax up to a maximum of 90% (depending on the cantonal implementation).
Our team at FI Group helps Dutch companies qualify for a tax credit to lower the wage costs for R&D. Benefit for companies equals 32% of the first €350,000 qualifying expenditure and 16% for all further R&D costs and expenses. This rate is higher for start-ups as it reaches 40% for the first €350,000 spent.
From 2021, the rates will rise respectively in this order:
40% of the first € 350,000 of R&D wages and/or other costs and expenditure;
50% of the first € 350,000 of R&D wages and/or other costs and expenditure for start-ups;
16% over the remainder of the wages (over €350,000)
– Patent Box (Innovation Box)
The Dutch Innovation Box scheme is directly linked to the main WBSO scheme in the way that all the income generated through a WBSO eligible project is subject to the Innovation tax deduction set at 80%, reducing the effective tax rate on that income to an advantageous 7% instead of 25%. From 2021, the qualifying innovative profits will be taxed against 9% instead of the regular 21,7%.
