Tax deductions for R&D&I activities are a powerful tool to promote innovation in companies. They not only allow recovering part of the investment made but also boost competitiveness by promoting the development of differentiated products and processes.<\/p>\n
From the creation of new prototypes to the substantial improvement of existing products, tax advantages offer a direct incentive for companies to bet on change and technological progress.<\/p>\n
At the Economic Office of Galicia, we help you identify all the tax advantages applicable to your Research and technological innovation activities. Don’t miss the opportunity to optimize your investment in innovation and discover how a specialized advisory system can make a difference in your company.<\/p>\n
Tax deductions and benefits for R&D&I aim to recognize the effort made by companies in the field of innovative activities. It is therefore one of the most interesting deductions for companies as they are applied directly to the tax payable and not to the taxable base.<\/p>\n
Technological innovation, small i or IT, encompasses activities in which the result represents a technological advance that leads to new products, production processes, or substantial improvements to existing ones.<\/p>\n
From the design of non-marketable plans, schemes, or prototypes; pilot projects or initial demonstrations, such as in the animation or video game industry; and the creation of textile, footwear, furniture, wood samples, among others, provided they are not suitable for industrial applications or for commercial exploitation.<\/p>\n
Innovation must involve an essential change in the intrinsic characteristics of a product or process.<\/p>\n
Advances must occur from a technological point of view, not limited to aesthetic or formal modifications.<\/p>\n
The product or process is not required to be unique in the market, but it must at least be new for the company developing it, in line with the Oslo Manual (2005).<\/p>\n
R&D&I is the original and planned inquiry that seeks to discover new knowledge to promote its development for the manufacture of new materials or products, their technological improvement, or for the design of new production processes and systems.<\/p>\n
Tax deductions for R&D&I are compatible with other incentives such as grants and loans, although with some particularities.<\/p>\n
Tax deductions for R&D&I activities are a powerful tool to promote innovation in companies. They not only allow recovering part of the investment made but also boost competitiveness by promoting the development of differentiated products and processes. From the creation of new prototypes to the substantial improvement of existing products, tax advantages offer a direct […]<\/p>\n","protected":false},"author":3,"featured_media":12457,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123,144],"tags":[],"class_list":["post-12460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovation","category-tax-deductions-and-bonuses-in-social-security"],"yoast_head":"\n