R&D Incentives
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R&D Incentives

Spain has three main R&D tax incentives:

  • R&D tax deduction;
  • Social security credit for research personnel; and
  • Patent Box.

The first two allow for tax savings, including a source of revenue proportional to the expenditure made on research, development or technological innovation. Patent Box is an incentive for transferring intangible assets derived from R&D activities to third parties.

R&D tax deductions

Tax deductions for research and development (R&D) and/or technological innovation (TI) activities are one of the instruments used by the General State Administration to promote business R&D via tax cuts.

They consist of a mechanism for indirectly funding innovation that allows the fee payable on corporate income tax to be reduced by means of a return on the expenses incurred in an R&D project.

This tool is compatible with other grants or subsidies and its scope will be in accordance with the scope of the innovation project.

  • Are you unfamiliar with this type of R&D incentive?
  • Do you have doubts as to whether such deductions can be applied?
  • Are you unfamiliar with what Research and Development and/or Technological Innovation entails?
  • Are you unaware of whether your company conducts R&D?
  • Are you unfamiliar with what an R&D project entails?

At UNGRIA we are thrilled to answer all these questions and advise you in the best possible way. If you are interested, please do not hesitate to contact us.

Credit for research personnel

Credits on Social Security contributions for research personnel are one type of tax aid consisting of a reduction in the Social Security contribution of personnel dedicated exclusively to R&D. This is a non-tax incentive, linked to recruiting and retaining employees exclusively dedicated to R&D activities.

  • Who is considered to be research personnel?
  • What are the requirements for researchers?
  • What are the implications of such incentives?
  • Is this aid compatible with R&D tax deductions?

For more information about the credit for research personnel, please contact our professionals.

Patent Box

Patent Box is a tax incentive that reduces the tax rate on the assignment or transfer between entities of intangible assets derived from research and development and technological innovation activities.

The entity assigning the patent or other eligible intangible asset must have contributed to the creation of that asset. In addition, the assignee must have used the rights of use or exploitation in the course of an economic activity. Such use must not result in the supply of goods or services by the assignee that give rise to expenses that the assigning entity can deduct for tax purposes.

  • Which intangible assets qualify for this tax incentive?
  • Are these types of transactions between related companies permitted?
  • Are you interested in learning more about the Patent Box?

At UNGRIA we are delighted to answer any questions you may have about this tax incentive. If you are interested, please do not hesitate to contact us.

ALEJANDRO RINCON

Attorney at Law

Madrid

arincon@ungria.es

ALEJANDRO RINCON