Updated: 09/03/22
There are certain R&D&I tax deductions from which we can benefit, the main objective of which is to encouraging behaviours in organisations so that their results have an impact and bring improvements both to the company that develops them and to society as a whole.
The design, the elaboration of the sample book for the launching or the materialisation of new products will be considered as a R&D&I activity.
The following shall also be included in this consideration creation or combination of advanced software through new algorithms, operating systems or applications for new or improved products or services.
Any company engaged in innovative activities, regardless of size, turnover or sector of activity, will be able to benefit This will increase competitiveness and encourage companies to improve their products, production processes and services.
What R&D&I tax deductions can we benefit from?
The deductions will vary depending on the cost of the expenses for research, development and for the various investments which have had to be carried out on items of property, plant and equipment.
Within the research and development expenditure includes the various depreciations of assets that have been used in the progress of the various activities when they are related and applied to the projects carried out.
In short, they will only be part of the basis of deduction those expenses that are directly related to the research project carried out and no deduction can be made for indirect expenses such as: financial expenses or expenses of the general business structure.
In general, this will result in a 25% deduction on the expenses incurred in carrying out such a concept. In addition, you can also get an extra deduction of the 17% of staff expenditure corresponding to qualified researchers exclusively dedicated to such research.
It should be borne in mind that, if they have received subsidies to promote such activities, the amount shall be reduced from the basis for deduction.
Tax deductions for technological innovation activities
If activities are carried out in connection with the identification of new technological solutions Regardless of the results achieved, you can also benefit from certain tax deductions for advanced technologies or the design of production processes.
Technological innovation is considered if both the product and the process are new or have a substantial improvement over the previous one. There must be a substantial change in the product or some of its characteristics must be modified in such a way that it is considered new. It is not necessary that a non-existent product or process is achieved, but that such a development has not been carried out before.
In this case, the percentage of deduction to be applied consists of the 12% of expenditure that have been carried out as a result of carrying out this activity.
Requirements for the application of R&D&I deductions
Some requirements have been established, such as:
- The amount of the deduction may not exceed 5 million annual.
- If the activities have the character of technological innovationThe amount referred to above shall not exceed EUR 1 million per year.
- The template generated for R&D&I may not be reduced within 36 months of the generation of the deduction.
The R&D&I tax deductions have now been increased, so that companies have gained a greater competitive advantage.
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