Ireland updates guidelines on R&D tax credit, film tax relief

Irish Tax and Customs on January 13 released updated guidelines on calculating the research and development (R&D) tax credit that take into account new rules, effective tax years beginning January 1, which no longer require companies to subtract base year expenditures in computing the credit. Under the new provisions, all qualifying R&D expenditures are eligible for the 25% tax credit

The Irish government also issued guidelines on a new tax scheme, effective 2015, that grants corporation tax relief towards the cost of production of certain films. The tax relief was introduced to stimulate the creation of an indigenous film industry.

See:

• Revenue Guidelines for Research & Development Tax Credit (PDF, 1.06MB)

• Film relief