Post by mondolsarker on May 1, 2024 23:23:18 GMT -5
Do you, an entrepreneur, dedicate a lot of resources to research and development ? Are you designing or implementing projects to innovate your business? This post may interest you: you could get tax breaks . Tax breaks Ashes Sitoula At MarkCom we are preparing the necessary practice to obtain these benefits. We are helped by a consultant from the CNA of Varese , Luca Moliterni of ABC Europe . Luca, whom I thank, gave me a hand in writing this post. I want to share with you the path to take and the documentation to produce. The tax break I describe today directly concerns our web agency. Many of the activities we perform for clients may qualify as eligible expenses. Topics covered in this post [ hide ] Description of the tax benefit Who is it aimed at? Eligible activities Activities eligible for web services The tax break The controls The necessary documentation Tax breaks for your business: are you interested? Description of the tax benefit Law 23 December 2014, n. 190, (so-called Stability Law 2015) introduced a new relief.
That is, the tax credit that can be used exclusively as Cyprus Phone Number List compensation, in favor of companies that make investments in research and development activities. The temporal scope of the incentive, in most cases, concerns the five-year period 2015-2019. Extended until 2020 based on the new stability law currently being approved. Starting from 2017, therefore, to take advantage of the benefit in the 2018 fiscal year, the subsidy amount was raised to 50% for all types of eligible expenses. Who is it aimed at? The tax breaks are aimed at all companies, as long as they make investments in research and development activities . For companies in business for less than three tax periods, the average investment in research and development activities, to be considered for the calculation of incremental expenditure, is calculated over the shortest period starting from incorporation.
The relief is available in the case of intra-muros research (carried out on a budget in owned structures or with its own organization) and in the extra-muros solution or contractual research , or carried out through a contract awarded to a qualified external party. For the purposes of the right to the subsidy, it is not necessary for the company to carry out these activities itself, in addition to making investments in research and development activities. For investments made intra -muros , the relevant costs are reduced to three types. Highly qualified staff That is, 50% of employee and non-employee staff. Auxiliary staff are excluded , but also technical staff.
That is, the tax credit that can be used exclusively as Cyprus Phone Number List compensation, in favor of companies that make investments in research and development activities. The temporal scope of the incentive, in most cases, concerns the five-year period 2015-2019. Extended until 2020 based on the new stability law currently being approved. Starting from 2017, therefore, to take advantage of the benefit in the 2018 fiscal year, the subsidy amount was raised to 50% for all types of eligible expenses. Who is it aimed at? The tax breaks are aimed at all companies, as long as they make investments in research and development activities . For companies in business for less than three tax periods, the average investment in research and development activities, to be considered for the calculation of incremental expenditure, is calculated over the shortest period starting from incorporation.
The relief is available in the case of intra-muros research (carried out on a budget in owned structures or with its own organization) and in the extra-muros solution or contractual research , or carried out through a contract awarded to a qualified external party. For the purposes of the right to the subsidy, it is not necessary for the company to carry out these activities itself, in addition to making investments in research and development activities. For investments made intra -muros , the relevant costs are reduced to three types. Highly qualified staff That is, 50% of employee and non-employee staff. Auxiliary staff are excluded , but also technical staff.