R&D Deduction

If, during a year, the company is developing IT or R&D projects, exists the possibility of reduce an important amount of IS tax through a supporting memory.  

This is a very specific knowledge that has to be outsourced to an R&D consultancy. This consultancy, normally, needs:

• Provisional PPyGG from the past year
• Provisional Balance from the past year
• R&D projects descriptions and budget from the past year 🧪 R&D Project descriptions
• Subventions, grant or prizes related to R&D projects documentation from the past year 

After an analysis of this documentation, the consultancy has to propose a deduction plan for the year. This proposal has to be presented to the CFO and CEO before the pre-closing milestone (normally on march). 

The consultancy has to deliver the supporting memory. The supporting memory must be saved in the following path: ...\Admin - Finance\Management\20YY Finance [Management]\R&D\Deductions\

Example case