November 09th, 2021, by Labtoo's team
The research tax credit is a tax reduction calculated on the basis of R&D expenses incurred by companies. It is deductible from the income tax or corporate tax due by the companies for the year in which the expenses were incurred.
It allows to encourage the expenses of innovative companies for Research and Development, the objective is to increase competitiveness while limiting the required investment.
Any company with an R&D project can benefit from the Research Tax Credit
Regardless of the technological field, the CIR is not limited to the health sector. In the biotechnology sector, in addition to health, many cosmetic, agro, or environmental companies can benefit from the tax reduction.
Certain criteria allow for the accelerated reimbursement of the CIR, in particular, if the company is a Young Innovative Company, or simply a new company.
Many expenses are eligible for the CIR: personnel and operating expenses, for the part directly involved in the R&D project, technology watch and intellectual property expenses, but also R&D expenses outsourced to academic laboratories and private companies that have received approval.