Paying a lower tax on profit that comes from your own innovation, makes sense right?
The government rewards entrepreneurs who are successful with their own innovations with grants and tax benefits. An important example of this is the Innovation Box.
The Innovation Box means that you only have to pay 5% corporate tax on the part of your profit that can be directly attributed to innovative products, projects and services, rather than 20-25%. This can make a big difference to your bottom line.
Intangible asset development
You have developed the intangible asset yourself. An R&D has been issued for this and/or you have obtained a patent for it. At least 30% of the profit made on the asset must come from your innovation.
Attribute profit to own innovation
Both patents and R&D statements provide access to the Innovation Box. In consultation with the tax authorities, it is then determined what part of your profit can be attributed to your own innovation. This depends in part on the allocation method.
Discover your grant options
Quick and accurate insight into the possibilities that grants and financing can offer you? Do a quick check and our advisor will find it out for you.