R&D

R&D content in corporation tax enables small and medium -sized companies to repair between 12% and 59% of the costs derived from innovation. According to the latest data from the COTEC report, the Spanish SME made 46.3% of the innovation expenditure, while in countries such as France or Germany this figure was 23% and 11% respectively.

However, the vast majority of the Spanish SME companies do not have or do not benefit from this tax benefit in Spain. That is why two Spanish entrepreneurs have made software with which the management, documentation and calculation of these deductions can be automated, simplify the process to the maximum and make these benefits available for SMEs.

“Most SME companies do not even know that a large part of the corporation tax can be derived from their R&D projects, therefore our mission is to publish this opportunity and carry out their management”

In addition to ignorance, the other two main reasons for not benefiting from these tax benefits, legal insecurity, fear of a possible tax inspection and the high costs of large consultants, only within the reach of large companies and multinationals.

“The fact that much of the corporation tax can be deducted is a very large impact for small companies. In this way they do not lose any tax competition and can reuse the recovered amounts to keep innovating during the following exercises,” says Galiano.