The corporate tax at 10% for innovative companies
EVOLY Consulting and FTPA recently presented a webinar to the members of AFSSI; it is the occasion to present once again the main principles of the IpBox mechanism.
This scheme consists in a preferential tax regime allowing to benefit from a reduced corporate tax rate, fixed at 10%.
This reduced rate applies to all companies on the proceeds of transfers and concessions of intellectual property rights.
All income generated by contracts of assignment, concession, license, sub-license of IP rights is concerned:
– Patents ;
– Software protected by copyright;
– Plant variety certificates
– Industrial manufacturing processes
– Patentable inventions
To determine the taxable income at the reduced rate, it is necessary to deduct from the income generated by the contracts mentioned above, the R&D expenses that contributed to the creation of the transferred or conceded asset.
It is important to opt early for this system in order to attach all the R&D expenses incurred for the creation of this asset.
Articulation with the CIR
This new system, which may seem complex in its approach, can be considered in parallel with a Research Tax Credit approach. Indeed, the preparation of the CIR could lead to significant synergies with this system:
– Analysis of the eligibility of projects / assets
– Identification of R&D expenses for both schemes
– Preparation of supporting accounting documents
– General presentation of the company’s R&D activities
We can assist you, in partnership with the FTPA law firm, on these issues.
Do not hesitate to contact us!