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Global R&D Tax Incentives: The Benchmark

Welcome to The Benchmark - Ayming’s global R&D consulting team has now made it possible to easily compare key international R&D tax incentive schemes on a like-for-like basis in one simple graphic, using two clear metrics: Generosity of the scheme and Ease of Application.

No two R&D tax regimes are exactly alike, and there is a multitude of legislation, interpretation and policy to consider when drawing a comparison. Ayming’s various R&D consulting teams have extensive knowledge of local R&D tax regimes, and using this experience we have made some assumptions in order to deliver a meaningful and simple comparison.

As well as the main graphic, there are also individual country profiles which give an overview of each of the schemes included in the tool. You can download a copy of the full report at any time using the link at the top of the page.

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Global R&D Tax Incentives: The Benchmark

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R&D Must occur in the country Number of years company can go back Is preapproval required? Are other R&D Incentives available? Is foreign-owned R&D eligible? Level of review or enquiry expected? Low Medium High Difficult Ease of Application Medium Easy Benefits 1 18 18 2 1 1 2 1 0 1 1 3 5 1 1 1 Portugal France UK SME UK LC Australia LC Australia SME Slovakia Czech Republic Poland South Africa Ireland Belgium MLC Belgium SE Italy Spain R&D Spain Tech. Inno Canada SMB Canada LC USA Generosity % 0 10 20 30 40 50 France Portugal Czech Republic Poland South Africa Spain R&D Spain Tech. Inno Canada SMB Canada LC Italy Australia SME Australia LC USA UK SME UK LC Belgium SE Belgium MLC Ireland Slovakia 3 or 4 1 or 4 1 or 4
Low Medium High Benefits R&D Must occur in the country Number of years company can go back Is preapproval required? Level of review or enquiry expected? Are other R&D Incentives available? Is foreign-owned R&D eligible? 1 Generosity % 0 10 20 30 40 50 3 or 4 France Portugal 18 18 Spain R&D Spain Tech. Inno 1 1 Canada SMB Canada LC 1 Czech Republic 5 Poland 0 South Africa 1 1 1 Australia SME Australia LC 3 USA 2 2 UK SME UK LC 1 or 4 1 or 4 Belgium SE Belgium MLC 1 Ireland 1 Slovakia Difficult Ease of Application Medium Easy 1 Italy
Portugal
Generosity 40.0%
Ease of Application
Canada SMB LC
Generosity 36.1% 16.6%
Ease of Application
France
Generosity 30.0%
Ease of Application
Spain R&D Tech. Inno.
Generosity 29.6% 12.0%
Ease of Application
UK SME LC
Generosity 24.7% 9.7%
Ease of Application
Ireland
Generosity 25%
Ease of Application
Slovakia
Generosity 23.9%
Ease of Application
Czech
Generosity 19.3%
Ease of Application
Poland
Generosity 19.0%
Ease of Application
South Africa
Generosity 14.0%
Ease of Application
Australia SME LC
Generosity 13.0% 6.0%
Ease of Application
USA
Generosity 12.1%
Ease of Application
Belgium SE MLC
Generosity 11.6% 8.3%
Ease of Application
Italy
Generosity 22%
Ease of Application

Definitions

Generosity has been calculated as a percentage. This helps you understand the monetary value of what your company would receive back from a comparable amount of identified qualifying expenditure including the various calculations necessary to make a claim. This value may be different to the tax credit percentage as it takes into consideration the complexities of each scheme and what qualifies as R&D expenditure.

Ease of Application is represented as Easy, Medium, or Difficult. This ‘difficulty rating’ is calculated relative to other international schemes, so an ‘Easy’ rating would mean ‘Easy for a professional with experience in that country’. Ease of Application takes into consideration a whole host of factors, including how difficult it is to make a claim, how easy is it to obtain the benefit, and if an enquiry were to be opened, what it would entail.

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