R&D relief - double benefits
March 2023
Taxpayers involved in research and development activities are entitled to deduct qualified expenses that have already been included as deductible expenses when calculating income. The preferential treatment therefore allows for a double deduction of a portion of the expenses incurred for research and development, defined as qualifying costs. What is more, in relation to employee qualifying costs (concerning salaries and contributions), these expenses incurred from January 2022 can be deducted at a rate of 200% - it means a triple benefits for taxpayers in this part of relief.