► OECD R&D tax incentives database: Highlights from the April 2024 update
“(…) In 2023, Iceland, Portugal and France offer the most generous R&D tax incentives for SMEs regardless of they turn out a profit.
In the case of large profitable (loss-making) firms, R&D tax subsidy rates are highest in Portugal, France and Poland (Portugal, Iceland and France). (…)
R&D tax incentives consolidate their role as key innovation support tool while direct support instruments dwindle in comparison
Tax incentives for R&D have seen their preeminent role in the business R&D support policy mix in OECD and EU countries reinforced. In 2021, tax incentives accounted for around 55% of total (direct and tax) support for business R&D in the OECD and EU-27 area (…).
As a percentage of GDP tax relief for R&D expenditures in 2021 was largest in Iceland, the United Kingdom, and France, followed by Portugal and Belgium. Combining direct and tax support, the United Kingdom, Iceland, France represented the OECD economies providing the most financial support for business R&D as a percentage of GDP in 2021, followed by Korea and Portugal. (…)”
Date : April 2024
Source : OECD