The Department of Finance has launched a public consultation on the Research & Development Tax Credit and the Knowledge Development Box.
The purpose of the consultation is to consider the challenges facing firms who are involved in R&D and intellectual property (IP) as well as the impact domestic and international tax reforms have had on both reliefs. Comments received will be considered in the context of Budget 2023 and Finance Bill 2022.
The consultation period will run from Thursday 14 April to Monday 30 May 2022. More information can be found on gov.ie. The Institute, under the auspices of the CCAB-I will respond to the consultation and members wishing to provide input can email us at tax@charteredaccountants.ie.
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