SIFIDE allows companies to obtain a tax benefit in corporate income tax, proportional to the investment spent on research and development (in terms of processes, products and organizational) that can show, to the extent that they have not been reimbursed state financial loss.
This benefit allows to recuperate for up to 82.5% of R&D investments, on the amount that has not been co-funded by the State through non-refundable funding, in the following manner:
Base Rate: Tax deduction applicable to total expenditures in R&D for the current year – 32.5%;
Incremental Rate: 50% increase in reference to the two previous years (up to the maximum of 1.5M€).
In the case of SMEs that have been in business for less than two years and have not benefited from the Incremental Rate, a surcharge of 15% is applied to the Base Rate (47.5%).
Who can apply?
IRC taxpayers resident in Portugal whose main business is of an agricultural, industrial, commercial or services nature and non-residents with a permanent establishment in that territory, who have incurred R&D expenses and who have been recognised by the Agência Nacional de Inovação, S. A. as being of good repute in terms of research and development.
Relevant Investments:
- Acquisitions of tangible fixed assets, acquired as new, and directly assigned to the R&D activities;
- Expenditure with personnel, directly involved in tasks of research and development;
- Expenditure with the participation of leaders and staff management of R&D institutions;
- Operating expenses, up to a maximum of 55 % of personnel expenditure;
- Expenditure with the hiring of research and development activities to public authorities, to entities benefiting from the status of public utility or to entities whose reputation in the area of research and development is recognized;
- Participation in the capital of R&D institutions, and contributions to investment funds;
- Expenditure with the registration and maintenance of patents;
- Expenditure with the purchase of patents, mainly assigned to the performance of R&D activities (SMEs only);
- Expenditure with audits to R&D;
- Expenditure with demonstrations connected with supported R&D projects.
How can Neomarca help you?
SIFIDE allows costs with R&D activities and projects from the previous year to be deducted (including human resources) in Corporate Tax. We have a highly qualified team with the necessary skills to conduct the SIFIDE application.
- Identification of eligible projects
- Technical Audit and feasibility analysis
- Application submission
- Follow up until approval
