Global research and development incentives

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A monthly journal published by PwC South Africa providing informed commentary on current developments in the tax arena, both locally and internationally. Through analysis and comment on new law and judicial decisions of interest, it assists business executives to identify developments and trends in tax law...

Tax Synopsis

A monthly journal published by PwC South Africa providing informed commentary on current developments in the tax arena, both locally and internationally....

 

Innovative companies play an extremely important role in their national economies ― which is why many grant programmes and tax incentives have been created to encourage additional research investments by businesses. To encourage research and innovation, many jurisdictions around the globe provide research incentives in the form of ‘super’ deductions.

Some jurisdictions provide relief in the form of reduced tax for income associated with technology-based intellectual property. Understanding these tax incentives — along with the impact of transfer pricing, ‘green’ initiatives, intellectual property protection, grants, and capital investments to maximise the return on investments in research — is critical for business decision-makers.

We've helped clients improve their return on investment in research. But make no mistake; qualifying for these incentives presents a real challenge. The R&D incentives can support your R&D objectives. We have R&D professionals who can help you mitigate risk, manage your tax burden, identify and develop critical, strategic initiatives, and support the implementation through documentation of the key aspects of various relief and corporate tax incentives.

How we can help you
Our R&D professionals are trained to identify and document research expenditures. Our team, which includes international tax specialists, can help large multinational companies like yours take advantage of available incentives, consider the effect on transfer pricing, and review your company’s tax strategy for cross-border structuring. We bring our local staff to train them in how to devise and implement strategies to:

  • identify available research activities
  • analyse detailed accounting records to find costs that qualify for jurisdictional relief
  • consider existing, and potential, alternative tax planning strategies based on the rules in differing jurisdictions
  • gather, organise, and develop documentation to support and defend the eligible costs if an enquiry as initiated by the tax authorities, and
  • develop procedures and technologies that can improve the efficiency and effectiveness of identifying, documenting, calculating, and sustaining current and future incentives.

Another plus: Our tax planning approach offers numerous advantages, since it focuses on your key tax objectives. Together we can develop a sound tax strategy that addresses your research and development activities.