Tax Incentives / All

‘The advent of the Knowledge Development Box represents an improvement to the overall climate for innovation, but KPMG research reveals that more could be done’, says Ken Hardy, Partner and R&D Incentives Practice Leader with KPMG in Ireland.

“There are big opportunities for Ireland; one is greater synergy between multinationals and SMEs and startups. That should make for better innovation", says Bill Kearney of IBM.

Promoting innovation is essential in helping secure Ireland’s long term economic success. KPMG has conducted annual research of Irish business attitudes to innovation and research and development (R&D) for the past four years.

The Knowledge Development Box (KDB), introduced in Budget 2016, is aimed at incentivising companies to undertake innovative activities in Ireland by providing a 6.25% corporate tax rate for income generated from commercialising certain intellectual property.

The Finance Bill 2015 introduced provisions for Ireland’s Knowledge Development Box (KDB) which offers claimants a 6.25 percent rate of corporation tax on profits from patents, software and other assets. In order to be eligible for the relief, R&D work on creating the assets must be carried on in

Amid new and changing competitors and consumers, 69% of private company CEOs are concerned about the future relevancy of their products and services and are therefore focused on improving them through innovation, according to the KPMG Private Markets Group’s survey of 226 U.S.-based private compan

This document includes the submission made on 8 April 2015 by KPMG in Ireland to the Department of Finance in response to its consultation on a Knowledge Development Box (KDB) for Ireland.

Revenue today published updated Research and Development Tax Credit Guidelines, dated January 2015.

KPMG’s Innovation Monitor 2014/2015 is based on a survey of a representative sample of Irish business, undertaken by RedC Research in summer 2014.