Ireland: R&D tax credit in detail
KPMG report provides what the R&D tax credit is, how it works, and how to qualify
KPMG report provides what the R&D tax credit is, how it works, and how to qualify
Whether already claiming the research and development (R&D) tax credit or just considering eligibility, it is essential to remember that R&D does not just happen in the laboratory—quite often it is the work a company would consider to be a day-to-day activity: developing a new product; devising or making improvements to a production process; or trying out a new material to reduce costs. The list is extensive, and with a potential saving of up to 25% of qualifying expenditure, it is worth checking if activities meet the criteria.
Read a March 2023 report prepared by the KPMG member firm in Ireland that provides what the R&D tax credit is, how it works, and how to qualify.
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