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Knowledge Development Box:- Tax Benefits for Irish SMEs

By: Patrick Mullins | Posted on: 07 Nov 2016

Knowledge Development Box:- Tax Benefits for Irish SMEs

 

Irish SMEs involved in research and development activities are to avail of lower corporate tax through a knowledge development box taxation scheme. The scheme, which sees profits from Irish inventions resulting from R&D activities in Ireland taxed at 6.25%, is to be made available to SMEs through a certification process overseen by the Patents Office. To find out more click here. If you require further detail/advice please contact Pat Mullins our Commercial Partner.