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.
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.
To find out whether you qualify for the Knowledge Development Box, or indeed the R&D tax credit regime, contact us on the below form.
Do you want to explore other R&D related incentives?
Research & Development Tax Credits Overview
Research, Development & Innovation Grant