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Knowledge Development Box

Finance Act 2015 introduced Ireland’s newest tax incentive for innovative companies; the Knowledge Development Box (“the KDB”).

The KDB offers an effective tax rate of 6.25% on qualifying profits generated in periods commencing on or after 1 January 2016. As the first OECD compliant box-type regime, the relief available is linked to the percentage of qualifying R&D expenditure incurred in Ireland.

Given the links between the KDB and the R&D tax credit legislation, companies that already claim the credit should examine the potential benefits of also accessing the KDB regime.

To find out whether you qualify for the Knowledge Development Box, or indeed the R&D tax credit regime, contact our advisers.

BDO’s R&D Tax Services team combine taxation experts with engineers and scientists who can assist with every part of the claim and ensure you receive the R&D credits and refunds to which you are entitled.