Did you know that your company can deduct up to 82.5% of its R&D expenses from its corporate income tax?
SIFIDE II
SIFIDE - System of Tax Incentives for Business R&D aims to increase the competitiveness of companies by supporting their efforts in Research and Development through the deduction of R&D expenses from corporate income tax.
What makes SIFIDE II interesting?
All IRC taxable persons who carry out an agricultural, industrial, commercial or service activity as their main activity can apply for SIFIDE.
The amounts not deducted due to insufficient collection can be applied to the income declarations of the following tax periods, which end in the following 12 years.
It is a tax benefit that is compatible with other financial aid.
All IRC taxable persons who carry out an agricultural, industrial, commercial or service activity as their main activity can apply for SIFIDE.
This is a tax benefit with a support rate ranging from 32.5% to 82.5% of eligible R&D expenditure.
This is a tax benefit for deducting IRC in proportion to the R&D expenses incurred by the company.
SIFIDE takes effect immediately in the corresponding tax year and is independent of the size of the company and its sector of activity.
How to calculate Sifide?
- Base rate: 32.5% of expenditure in the reference period;
- Incremental rate: 50% of the increase in expenditure in the reference period compared to the average of the two previous financial years, up to a limit of 1.5 million euros.
Eligible Expenses
- Acquisitions of goods of a tangible nature for fixed assets, excluding buildings and land, provided that they are created or acquired new and directly related to Research and Development (R&D) activities.
- Staff costs directly involved in R&D tasks.
- Expenses related to the participation of leaders and staff in the management of R&D institutions.
- Operating expenses, up to a maximum of 55% of the expenses of personnel directly involved in R&D tasks considered as remuneration, salaries or wages in the financial year.
- Expenditure on contracting R&D activities with public entities, beneficiaries of public utility status or entities whose credibility in research and development is recognized by joint order of the Ministers of Economy and Innovation, and Science, Technology and Higher Education.
- Participation in the capital of R&D institutions and contributions to investment funds, public or private, which make equity and quasi-equity investments to finance companies dedicated mainly to R&D, including financing for the valorization of their results, recognized by joint order of the Ministers of Economy and Employment, and Education and Science.
- Costs related to registering and maintaining patents - only applicable to Small and Medium-sized Enterprises (SMEs).
- Expenditure on the acquisition of patents mainly for R&D activities.
- Expenditure on R&D audits.
- Expenditure on demonstration actions from supported R&D projects.
- Expenses associated with R&D activities in product ecodesign projects are considered at 110%.
What can we do for you?
At HS Consultores, we have a strong focus on innovation strategy and R&D funding. We can help you analyze requirements, identify the eligibility of investments and analyze how projects and investments fit into the different typologies.
Our activity, as consultants specializing in the management of R&D funding, consists of identifying eligible expenses in organizations. This strengthens our ability to optimize the tax benefits obtained for the expenses incurred.
Do you have an idea in mind?
Our team will help you make your projects a reality and advise you throughout the process.
