Patent box deduction: practical insights
Seminar organised by Bird&Bird
In an effort to encourage companies to invest in research and development, the patent box deduction was introduced in April 2007. The measure calls for an 80 percent deduction of (real or notional) patent revenues. As only 20 percent of such royalties are taxable, corporate tax on patent-based revenue drops from 33.99 percent to 6.8 percent. This rate can be further reduced or even eliminated altogether, when taken in combination with the further amortization of the R&D expenses and the notional interest deduction.
Although the measure is already in force since 2007, only recently companies begin to realise the potential of this measure. SMEs had to take the step of transferring patents from the individual owner to the companies. Larger companies or groups had to reconsider their patenting policy which often implies an offshore patent allocation.
Bird & Bird Brussels is delighted to share its experience in this field during a lunch workshop with companies who wish to be aware of possible pitfalls and make the most of the Belgian regime.
Programme
12.00-12.15 Registration
12.15-12.35 The patent box deduction from a tax and IP perspective
12.35-13.15 Practical cases & lessons learned
13.15-13.30 Questions & answers
13.30-14.00 Light lunch
Venue
Bird & Bird
Avenue d'Auderghem 22-28/9
1040 Brussels
If you have any queries please email Bird&Bird
In an effort to encourage companies to invest in research and development, the patent box deduction was introduced in April 2007. The measure calls for an 80 percent deduction of (real or notional) patent revenues. As only 20 percent of such royalties are taxable, corporate tax on patent-based revenue drops from 33.99 percent to 6.8 percent. This rate can be further reduced or even eliminated altogether, when taken in combination with the further amortization of the R&D expenses and the notional interest deduction.
Although the measure is already in force since 2007, only recently companies begin to realise the potential of this measure. SMEs had to take the step of transferring patents from the individual owner to the companies. Larger companies or groups had to reconsider their patenting policy which often implies an offshore patent allocation.
Bird & Bird Brussels is delighted to share its experience in this field during a lunch workshop with companies who wish to be aware of possible pitfalls and make the most of the Belgian regime.
Programme
12.00-12.15 Registration
12.15-12.35 The patent box deduction from a tax and IP perspective
12.35-13.15 Practical cases & lessons learned
13.15-13.30 Questions & answers
13.30-14.00 Light lunch
Venue
Bird & Bird
Avenue d'Auderghem 22-28/9
1040 Brussels
If you have any queries please email Bird&Bird
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