CIT Tax Incentives for Research & Development (R&D)

general assembly on November 17, 2021

The tax incentives for research and development (R&D) are the largest deduction in the corporate income tax (1.2 billion euros in 2018). The Court of Audit notes that, despite this high budgetary cost, the legislator has formulated few concrete objectives against which the effectiveness of the tax incentives can be assessed. Moreover, the applicable legislation is particularly complex and compliance often difficult to verify.