ITC & RTC
Industrial property expenses are eligible for the research tax credit and innovation tax credit
RTC : research tax credit
The research tax credit is a tax reduction calculated on the basis of the actual R&D expenses incurred by the company claiming it.
The research tax credit is deducted from the corporate income tax due for the year in which the expenses were incurred, up to a maximum of 100 million euros per year per company.
The RTC allows to recover 30% of the industrial property invoices, fees, translations, official taxes included.
Read the full article: CIR or research tax credit, how does it work?
ITC : innovation tax credit
The innovation tax credit is a reduction of corporate taxes, calculated on the expenses of conception and/or realization of prototype.
The ITC is deducted from the corporate income tax due for the year in which the expenses were incurred, up to a maximum of €400,000 per year per company.
Read the article: How to reduce the cost of patenting for your company?