tax optimisation
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R&D tax relief: documentation and implementation
A taxpayer claiming R&D relief submits form CIT/BR with the tax return, showing the eligible costs to be deducted. The same applies, as appropriate, to the basis for calculating a payment under the relief. The first entries on the form are the expenditure amounts…
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R&D tax relief: eligible costs
Three principles should guide the identification of eligible R&D costs.
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R&D relief: deduction and refund rules
R&D relief allows expenditure on research and development to be deducted from the tax base. In effect, the state covers nearly 20% of eligible R&D expenditure. Moreover, start-ups need not report a profit to benefit from…