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Research & Development Tax Credit Specialists
Hello! We are ReDev Partners
In Ireland, Research and Development (R&D) tax credits are available to companies that are engaged in qualifying R&D activities. These tax credits can help to reduce the cost of R&D activities and encourage innovation.
Some examples of research costs that may qualify for R&D tax credits in Ireland include:
It’s important to note that not all research activities may qualify for R&D tax credits, and there are specific criteria that must be met in order to claim these credits.
ReDev partners provides an invaluable support by identifying eligible R&D activities, estimating the tax credit due, preparing the technical and costing reports and ensure ongoing compliance with Revenue requirements.
How does the R&D tax credit work?
In Ireland, the Research and Development (R&D) tax credit system is designed to encourage companies to invest in R&D activities. The R&D tax credit scheme allows companies to claim a tax credit on qualifying expenditure incurred on R&D activities. The credit can be used to reduce a company’s corporation tax liability or can be refunded in cash in certain circumstances.
To qualify for the R&D tax credit, a company must be carrying out scientific or technological research and development activities in Ireland. The activities must involve the resolution of scientific or technological uncertainties and must seek to achieve an advance in overall knowledge or capability in a field of science or technology.
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