Tax

Tax benefits for innovation!

The innovation box is a fiscal incentive in the corporate tax domain. Companies who use the innovation box can achieve substantial tax benefi ts. How does the scheme work?

The scheme

A company has to pay 20-25 percent corporate tax on its profi ts. Yet, on income derived from innovation, the effective tax due is 7 percent. By using the innovation box, innovative companies can therefore realise signifi cant tax savings.

Download the flyer to read more about tax benefits for innovation.

Flyer: Tax benefits for innovation! Innovation-box-Tax-benefits-for-innovation-Grant-Thornton
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