Research & development and government incentives
Many countries offer generous grants, credits and incentives in areas such as the digital economy, energy efficiency, environment, globalisation, innovation, sustainability and training. More than 30 countries also offer specific research and development (R&D) tax incentives that apply to development activities related to manufacturing process improvements, production trials and software integration issues in addition to laboratory research. Taking advantage of incentives creates an immediate cash benefit, often reducing effective tax rates and increasing EPS.
During these turbulent times of economic crisis, it is important to benefit from the various grants and incentives programs available to Belgian organisations performing R&D.
The European Union deploys several such funding programs in which Belgian organisations can take part. Participation enables the funding of R&D and demonstration activities taking place within specific projects, most of which are performed within a consortium of industrial and academic partners.
The benefits to participation are numerous and could include: a reduction of your operating expenditure; risk reduction in the development of new technologies for future products; access to new markets; and the development of long term business relations with customers, suppliers and technological partners.
Our services include:
- Research & Development claims preparation
- Government incentives application support
- Tax controversy related to R&D or government incentives
- Intellectual Property Tax Optimisation
Research & Development claims preparation
Identifying eligible R&D activities and preparing robust supporting documentation is often unfamiliar territory or you may not have the resources to complete the paperwork required to file a claim. Deloitte can assist with the whole process from scoping through document preparation and submission. Deloitte combines deep tax technical expertise with highly experienced scientists and engineers to help ensure all aspects of an incentive claim are fully understood and considered. We utilise technology based solutions worldwide to ensure a smooth process with increased transparency and compliance with all regulatory changes.
Deloitte delivers R&D and government incentives services using the Incentives Insight methodology, part of the Deloitte Tax Insight suite of services. It is powered by I Smart technology, streamlining and accelerating the gathering and processing of data and information needed to make informed business decisions.
Government incentives application support
Ensuring that you equitably receive your fair share of the numerous grants, credits and incentives available requires time and effort. The Deloitte team is highly experienced in the practicalities of preparing, negotiating and agreeing such applications including all aspects from initial feasibility reviews to document submission. Deloitte’s knowledge in this specialised area ensures that we understand and evaluate all the nuances and details of specific opportunities and allows you to be confident you have realised your potential benefits for the least amount of time, effort and expense.
Deloitte delivers R&D and government incentives services using the Incentives Insight methodology, part of the Deloitte Tax Insight suite of services. It is powered by I Smart technology, streamlining and accelerating the gathering and processing of data and information needed to make informed business decisions.
Tax controversy related to R&D or government incentives
R&D claims and Government Incentive applications often receive intense regulatory scrutiny. Deloitte provides assistance in audit resolution as well as support related to claims and information requests or objections from relevant government bodies. This team includes former officials with various regulatory agencies who have an in depth understanding of the regulatory processes for approval. Deloitte delivers an inside out perspective and you can be confident you are receiving sound advice.
Deloitte delivers R&D and government incentives services using the Incentives Insight methodology, part of the Deloitte Tax Insight suite of services. It is powered by I Smart technology, streamlining and accelerating the gathering and processing of data and information needed to make informed business decisions.
Intellectual property tax optimisation
With a combination of IP and tax expertise, we are able to assist you in determining the appropriate structure for optimising the tax position of your IP income. This includes calculating the proportion of income to which the 80% exemption provided by the Patent Income Deduction regime can apply. We can also assist you in filing and obtaining advance ruling in this respect.
Contacts
Patrick Brauns
Partner
pbrauns@deloitte.com
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