In this new fifth edition of the KPMG Asia Pacific (ASPAC) R&D incentives guide highlights of all the practical details of the R&D incentives programs from around the world and explores other related issues decision-makers should consider when determining the best location for their R&D activities within the ASPAC region.
In this edition we can see the following new developments:
The pace of change is expected to continue, as R&D incentives develop and mature.The schemes are broadly similar but unique to each country’s tax system. For example, some countries offer distinctly different benefits for small and medium enterprises as compared to large companies; and R&D compliance protocols in ASPAC jurisdictions vary from ‘self-assessment’ to tax authority ‘audit’ prior to refund issuance.
This overview of the fifth edition summarizes in tabular form the R&D benefits for each country in the ASPAC region. It also highlights related matters companies should consider when examining the best location for R&D activities. A comprehensive ‘country by country’ report of the R&D incentive schemes in each ASPAC country is available on request.