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 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.
Revenue today published updated Research and Development Tax Credit Guidelines, dated January 2015.
Promoting innovation is essential in helping secure Ireland’s long term economic success.
This article featured in the May 2013 edition of Finance Dublin and is reproduced here with their kind permission.