Ireland’s budget 2016 was announced today, 13 October 2015, and details concerning the research and development (R&D) tax incentive known as the “knowledge development box” were (as was expected) provided in the budget statement. The “knowledge development box” would provide for a 6.25% corporation tax rate on profits arising to certain intellectual property (IP) assets that are the result of qualifying R&D activity that is carried out in Ireland.
Read a budget summary [PDF 119 KB] prepared by the KPMG member firm in Ireland
The budget 2016 statement also provided:
Read more on a dedicated budget webpage of the KPMG member firm in Ireland.
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