FI Group team helps eligible Irish companies to claim a 25% tax credit on qualified R&D expenditure to offset against their Corporate Income Tax liability. Where a company has offset current and previous years’ Corporate Income Tax liabilities, it may apply for a credit payable in instalments.
Service: Research & Development Tax Deduction / Grants
FI Group teams help Peruvian companies to claim a volume-based tax deduction of their R&D expenses depending on the following situations:
175% deduction on the R&D expenses incurred if the project is executed directly by the taxpayer or through research, technological development or innovation centres established in Peru.
150% deduction on the R&D expenses incurred if the project is executed by research, technological development or innovation centres outside of Peru.
From November 2019, micro companies and SMEs (with a turnover lower than €2.6M) are now eligible for a tax deduction of up to 215% of R&D expenses incurred in Peru and a 175% tax deduction for expenses incurred outside Peru.
Service: Research & Development Tax Credit (Ley Nº 19.739/2019)
Companies based in Uruguay are eligible for an R&D tax credit of up to 35% of qualifying R&D expenses for business projects, and 45% for business projects in collaboration with Innovation, Tech or Research centers, and/or Universities. The remainder of the amount (65% or 55% respectively) could also qualify as expenses.
Companies based in Uruguay are eligible for a tax income exemption for investments that were made between the 1st of April, 2020, and the 31st of March, 2021. To calculate the amount exempted of tax income from economic activities, 150% of the invested amount is computed and used.
