Tax deductions for R&D&I

Management of R&D&I Activities

Our experience allows us to know and understand how they work.

What are R&D&I Tax Deductions?

R&D&I Tax Deductions (Research, Development and Innovation) are tax incentives that allow companies to reduce their tax burden through investment in scientific research and technological development activities. These deductions are designed to promote innovation and improve the competitiveness of companies, supporting the creation of new products, processes and services that contribute to the advancement and modernization of the business fabric.

The main objective of R&D&I Tax Deductions is to encourage companies to invest in activities that promote innovation.

Benefits of R+D+I Tax Deductions

Reduction of the tax burden

Companies can deduct a significant percentage of expenses related to R&D&I activities from their tax base, which translates into a lower amount to pay in taxes.

Competitive improvement

Innovation allows companies to develop products and services that differentiate them in the market, which is essential to maintain a competitive advantage.

Access to financing

Companies that invest in R&D&I can access new financing options and specific subsidies, improving their liquidity and investment capacity.

Talent attraction and retention

Investing in R&D&I activities helps create an attractive work environment for qualified professionals, which in turn improves the quality of the human team.

R&D&I Tax Deduction Requirements

Activity classification

The activities to be deducted must be clearly classified as basic research, applied research or experimental development.

Regulatory compliance

Companies must guarantee that their projects comply with current legislation and the criteria established by the Tax Agency.

Supporting documentation

It is essential that the company has precise documentation that justifies the expenditure on R&D&I activities, including technical and accounting reports.

Implementation of R&D&I Tax Deductions

The implementation of R&D&I Tax Deductions can follow these steps:

Initial evaluation

Carry out an analysis of the current R&D&I activities in the company to determine the viability of accessing tax deductions.

Preparation of an R&D&I plan

Create a strategic plan that contemplates the innovation activities to be developed, including objectives, deadlines and necessary resources.

Documentation and registration

Establish a documentation system that includes all expenses and investments made in R&D&I activities, ensuring that it can be presented to the Tax Agency if required.

Maintenance and review

Periodically review ongoing activities and adjust the R&D&I plan as necessary to maximize the benefit of tax deductions.

Frequently asked questions

What types of activities are considered R&D&i?

R&D&i activities include basic research, applied research, experimental development and technological innovation in products, processes or services. These must result in a technological advance or significant improvement thereof.

How much can I deduct for R&D&i?

The deductible percentage may vary depending on current legislation and the characteristics of the project. It is advisable to consult with a tax advisor to obtain specific information about your case.

Is it necessary to have a technical report?

In many cases, it is advisable to have a Technical report that validates the activities and expenses being incurred. This document can facilitate the justification process before the Tax Agency.

Can small businesses benefit from these deductions?

Yes, small and medium-sized businesses (SMEs) typically have access to additional benefits and higher deduction rates compared to large businesses.

What happens if I don't meet the requirements?

If a company cannot adequately justify its deductions or does not comply with the requirements, it may face penalties and the obligation to recalculate its tax returns. Therefore, it is crucial to ensure correct documentation and justification.