R&D tax relief and relief for innovative employees
If you hire employees who develop new products or services, improve the properties or functionalities of existing products, or incur other related costs, such as costs of materials and raw materials or cooperation with research units, check whether you can take advantage of the tax relief for research and development.
From January 1, 2022, the remuneration costs of employees involved in R&D activities can be even triple deducted – for the first time by including in taxable costs, and then by deducting 200% of the value of remuneration costs from the tax base of the entrepreneur.
From 2022, entrepreneurs also have the option of deducting the R&D tax relief from tax advances paid on employee salaries (based on an employment contract, contract of mandate, contract of work or copyright), but only in certain circumstances and with additional requirements met. It is a tax relief for innovative employees.
On the basis of the practice of tax authorities, different activities or projects may be classified as R&D. In 2020, more than 3200 taxpayers of income tax took advantage of this relief by deducting approx. PLN 3.6bln from the tax base, so check if this support instrument is also for you.
Applying my experience and knowledge, I can help you in the following areas, among others:
Identification of activities / processes / projects that can be classified as R&D
Analysis of the entrepreneur's costs in terms of eligibility for R&D relief
Preparation of an application for an individual tax ruling to confirm the conditions of settling R&D tax relief
Preparing the internal rules for documenting and recording expenses and meeting other conditions in terms of using the tax relief
Preparation of the R&D tax relief calculation and settlement procedure
Please contact me or visit my blog to see what benefits you can get and find out more.
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