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Knowledge Development Box (KDB)

18 June 2019

Finance Act 2015 was signed into Irish law in late December 2015. The signing of the Act legislates for 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...

Please click here to view BDO's Knowledge Development Box summary.

Please click here to view the Knowledge Development Box Guidelines (90 pages).