RESEARCH (CIR) AND/OR INNOVATION (CII) TAX CREDITS

Research Tax Credit (CIR)

Tax incentive created in 1983 to support companies’ R & D efforts.

Are eligible, any creations, procedures, processes or equipment that include:

• An original twist or a substantial improvement
• technological breakdown or scientific validation

The CIR allows R & D funding in the form of refunds or tax reductions up to:

• 30% of R & D expenditure up to € 100 million
• 5% above this threshold

Status eligibility criteria are:

• Industrial, commercial and agricultural businesses subject to income tax (BIC cat.) or corporation tax with no limit regarding status or size

Innovation Tax Credit (CII)

Addition of the Finance Law 2013, the CII is reserved for SMEs in the EU sense (CE n° 800/2008 of the Commission).

The CII provides funding up to:

• € 80,000 maximum per calendar year

Or

• € 400,000 of eligible expenditure up to 20%

Eligible expenditure:

• • Expenses incurred for the creation of a prototype or pilot project (whether or not for sales purposes)