Czech Republic: R&D tax deduction | KPMG | GLOBAL

Czech Republic: R&D tax deduction; guidelines and legal requirements

Czech Republic: R&D tax deduction

The Czech tax authority issued guidelines summarizing court decisions that address research and development (R&D) projects and claims for the R&D tax deduction.

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The guidance sets out the criteria for a successful claim for the R&D tax deduction. These requirements include:  

  • R&D projects must be prepared and approved before any actual R&D activities commence.
  • The project objectives must be identified.
  • The project must describe the substance of the R&D activities.
  • The taxpayer must maintain documentation and records about the project on a continuous basis. 

If the taxpayer were to fail to meet all of these legal requirements, the tax administrator would not be able to accept the taxpayer’s claim for the R&D tax deduction.

 

Read a November 2017 report prepared by the KPMG member firm in the Czech Republic

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