Do you know what all R&D incentives are available across the world that you can benefit from? Governments across the world have a progressive outlook toward R&D activities and continues to promote such activities, focusing strongly on the science and technology fields.
Few Examples are
· China offers reduced tax rates for technologically advanced service company(TASC)
· The Belgian Government is a strong supporter of R&D and innovation at both the federal and regional levels, using R&D tax incentives and direct R&D grants to support these activities. The patent income deduction (PID), which provides for an 80% tax exemption of gross patent income, the R&D investment deduction, incentives to employ highly qualified foreign employees and direct cash grants and subsidies to R&D and innovation projects.
· BrazilianGovernment attempts to achieve technological innovation and product innovation.
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