• Service: Tax, International Tax
  • Type: Regulatory update
  • Date: 3/7/2014

Ireland - Evaluation of R&D tax credit regime 

March 7:  Ireland’s Department of Finance in 2013 undertook a comprehensive review of the Irish research and development (R&D) tax credit regime, to determine that the R&D tax credit provides “value for money” for taxpayers.

The results of the R&D tax credit review were published by the Finance Ministry. Among the findings of the review:

  • Of the €379 million in state support of R&D, €261 million was delivered through the R&D tax credit regime.
  • The tax credit currently supports over 1,400 companies that, among them have a turnover of about €100 billion and employ almost 150,000 people.
  • The credit supported 70% of business expenditure on R&D (BERD) in 2011, which stood at €1.86 billion.

Read a February 2014 report prepared by the KPMG member firm in Ireland: Department of Finance review: R&D tax credit regime

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