Global

Details

  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 7/30/2014

Ireland - Documentation for claiming R&D tax credits 

July 30: Many companies in the information and communications technology sector in Ireland take advantage of the research and development (R&D) tax credit to support their R&D activities.

The R&D tax credit regime encourages companies to create new and improve existing products and processes in Ireland. The incentive provides a 25% refundable tax credit on the incremental R&D costs over a base year period.


Taxpayers adopting an “agile” software development approach may find it onerous to maintain the appropriate documentation to support their technical work and related expenditure and to satisfy Irish Revenue’s science and accounting tests.


How can developers address this issue during their day-to-day development work?


Read a July 2014 report prepared by the KPMG member firm in Ireland: Claiming R&D tax credits in an agile environment




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