![]() ![]() Innovation tax relief has also been set up and amounts to 20% of staff costs and depreciation expenses (also increased by 50% and 75% flat rate) allocated for example to the manufacture of a prototype and its adaptation to clients. Thus, Research Tax Relief (CIR) finances, via a refundable tax credit each year, a tax credit which amounts to 30% of staff costs including salaries and social contributions (increased by a flat rate of 50%), and also 30% of depreciation of equipment used for R&D work (increased by a flat rate of 75%). financial aid: the Public Investment Bank (BPI) is mandated to support innovation and business growth in France through grants and capital financing for SMEs.social incentives: thanks to the status of new innovative business (JEI), a total and partial exemption from employer’s contributions on wages for new companies, and for all companies, an lower overall rate on wages thanks to the integration of Competitiveness tax relief (CICE).tax incentives: mainly through research tax relief (CIR) and innovation tax relief, and, for new companies, total and partial exemptions from taxes (corporation tax, local taxes).These mechanisms, which benefit companies carrying out research, development and innovation work, are on three levels: Indeed, at all times and regardless of the government in place, favourable mechanisms for innovative companies are subject to consensus within French economic policy. France offers innovative SMEs tax, social and financial support in an economic environment that is one of the best in the world.
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