We are pleased to inform you that the French Ministry of Higher Education, Research and Innovation has given a favorable opinion for the application for Research Tax Credit (CIR) approval filed by the company Labtoo. This accreditation is valid for a period of three years, retroactive to the year 2020 and active for the years 2021 and 2022. This allows our customers to benefit from a tax credit for our R&D support up to 30% of the amount.
Labtoo obtained an extension of the Research Tax Credit approval for the years 2023, 2024 and 2025.
Within the range of services proposed by Labtoo, the work is eligible for inclusion in a CIR file, under certain conditions. This is in line with Labtoo's approach to offering a scientific service that is part of our customers' R&D projects.
The research tax credit (CIR) is governed by Article 244 quater B, I of the French General Tax Code and provides in principle a tax credit of 30% of the portion of research expenses not exceeding 100 million euros and 5% thereafter.
To be eligible for the Research Tax Credit, companies must set up a program of basic research, applied research, or experimental development. It is important to be well informed about eligible expenses, and we recommend that you seek the assistance of a specialized firm.
The research tax credit (RTC) is a generic measure to support corporate research and development (R&D) activities, with no sector or size restrictions. Businesses that incur expenditures on basic research and experimental development can benefit from the RTC by deducting them from their income tax under certain conditions. The rate of the RTC varies according to the amount of the investment.