The investment project incentive has been a selling point for Lithuania to attract foreign direct investment (FDI) and establish new businesses in Lithuania. Using the investment project incentive, legal entities involved in investment projects can reduce their taxable profits by...

The Portuguese Government is amending SIFIDE II, the tax incentive system for business research and development (R&D). The proposed changes reduce the tax benefits available to Investment Funds in favour of promoting direct investment in R&D. Created in 2011, SIFIDE II...

The promotion of research and development activities is a priority for many Central and Eastern European (CEE) countries. It means businesses that carry out basic, applied research and experimental development (R&D) are eligible for a range of tax reliefs. In...

OECD-led global tax reform has resulted in changes to two of Ireland’s key Foreign Direct Investment (FDI) offerings: the Research & Development (R&D) tax credit and the Knowledge Development Box (KDB). Proposals made under Ireland’s 2023 Budget have an eye...

credit. In the recently published 2021 OECD study (Measuring Tax Support for R&D and Innovation – OECD (oecd.org) France was ranked amongst the most favourable jurisdictions in Europe.

Did you know that in Mexico you can have a branch or a manufacturing relationship with a Mexican company in which the manufacturing process can be performed using your machinery, equipment, and inventory without the tax exposure of a permanent...

One item that has so far failed to make headlines amongst the many changes in the Tax Cuts and Jobs Act of 2017 (“TCJA”), is the treatment of research and experimental (“R&E”) expenditures under Section 174. This is likely because...

The package of tax changes known as the “Polish Deal” introduces several new tax reliefs aimed at supporting the innovation of enterprises, as well as extending the scope of some reliefs that already exist. These changes should increase Poland’s attractiveness...

Many jurisdictions around the world offer generous tax credits and other incentives to companies that invest in R&D and innovation activities. Incentives are one of the key factors that management considers when deciding where a company should invest in innovation....

A public debate in the European Union on environmental issues is heating up. It emphasises the urgency to develop environmental policies to mitigate climate change and opens a discussion on the revision of energy taxation rules currently in place. In...