At a time when businesses face rapid change and disruption, nurturing innovation has never been more important.
Promoting innovation is essential in helping secure Ireland’s long term economic success. KPMG has conducted annual research of Irish business attitudes to innovation and research and development (R&D) for the past four years.
The Knowledge Development Box (KDB), introduced in Budget 2016, is aimed at incentivising companies to undertake innovative activities in Ireland by providing a 6.25% corporate tax rate for income generated from commercialising certain intellectual property.
The Finance Bill 2015 introduced provisions for Ireland’s Knowledge Development Box (KDB) which offers claimants a 6.25 percent rate of corporation tax on profits from patents, software and other assets. In order to be eligible for the relief, R&D work on creating the assets must be carried on in
This document includes the submission made on 8 April 2015 by KPMG in Ireland to the Department of Finance in response to its consultation on a Knowledge Development Box (KDB) for Ireland.
If you bought, built, extended, fitout or refurbished a property in the healthcare sector, you will likely be entitled to claim wear and tear allowances.