Taking advantage of tax reliefs is currently one of the most effective ways to reduce income tax liabilities. The most popular tax reliefs include:  

• R&D relief. It enables you to deduct from the tax base expenses associated with R&D work already included in tax-deductible expenses. The requirement for the application of this relief is to carry out R&D work and to identify and separate the expenses that the legislator has recognised as deductible and that are closely related to R&D work.
• IP Box relief. In consequence of that relief, income from intellectual property rights (e.g. patents, utility model and industrial design protection rights) that have been created, developed or improved as part of R&D activities can be taxed at a rate of 5%. Income from qualified intellectual property rights can include income from licensing agreements, sale of intellectual property, value of the right in the price of a product or service, compensation for infringement of intellectual property rights.
• Other reliefs: prototype relief, robotisation relief, pro-growth relief, consolidation relief or IPO relief.

Our team of advisors will be happy to assist you in verifying whether any of the above reliefs can be applied or implementing and accounting for them.