R&D, Innovation and Design Tax Credit
Through R&D, Innovation, and Design tax credits, your company can invest in new knowledge, product and process development, technology, and green transition and other innovation-driven sectors, such as design and aesthetic design, and receive a tax credit in return.
Myèsis is a scientific research organization recognized by the Ministry of Education, University, and Research. At Myèsis, we work with researchers, lecturers, and innovation experts to identify credit-eligible activities.
Which activities are eligible for credit?
Budget Law of 2022 specifies several activities that qualify for R&D, innovation, and design tax credits. We provide a detailed explanation of each below.
Research and development
R&D activities are crucial for unlocking opportunities to improve existing products and services or create innovative ones.
Depending on your objective, you can conduct various types of research.
- Basic research for the purpose of expanding knowledge and enhancing skills.
- Industrial research aims to enhance production efficiency by improving methods and processes.
- Experimental research is conducted to develop prototypes or semi-finished products and to explore innovative manufacturing system improvements.
Technological innovation, ecological transition, and design
Transition Plan 4.0 accords significant importance to investments in technological and ecological innovation, with a specific emphasis on design activities.
The Ministry of Economic Development has classified innovations into four categories, each with distinct objectives.
- Technological innovation: to enhance manufacturing by increasing technical and scientific knowledge, improving efficiency, and creating better outputs.
- Innovation 4.0.: to create an interconnected manufacturing system to improve production efficiency and effectiveness in terms of quality and quantity.
- Ecological transition to create and promote green economy investments that foster social welfare and environmental improvement through innovative and cost-effective solutions.
- Design and aesthetic: to enhance the process of developing new products and samples for the fashion, furnishing, jewellery, and ceramics industry.
How could I check my eligibility for tax credit and determine the amount I might receive?
- A 10% tax credit is granted for expenses incurred in the field of research and development.
- A tax credit of 10% is granted for expenses incurred in the field of technological innovation. The purpose of this innovation should be to improve the quality of the products and increase the efficiency of the production system, with an aim to achieve objectives related to ecology and innovation 4.0.
- A tax credit of 10% is granted for expenses related to 4.0 and green technological innovation.
- A tax credit of 10% is granted for expenses related to design and aesthetic design.
What kind of costs does the credit cover?
The tax credit is designed to cover various costs that are incurred by a business entity. These costs include personnel expenses, consultancy fees, material costs, supply expenses, and other categories. A comprehensive list of the expenses covered under the tax credit is provided below.
- Employees and self-employed individuals, who are directly involved in the company’s operations.
- Depreciation allowances, rental fees for tangible assets and software licenses.
- Research agreement conducted outside the company premises, innovation agreements. Agreements signed by freelance professionals and firms to enhance aesthetic design.
- Agreements signed with universities and research institutes based in Italy.
- Consulting services.
- Materials, supplies and other similar products.
May I request the support of Myèsis in acquiring the Research and Development tax credit?
Indeed, we can assist you in obtaining the R&D tax credit. Our services involve a comprehensive process that includes identifying the distinct phases of your research, innovation, and design project, determining the requisite tools, exploring available incentives, and finding the most effective partners to ensure successful implementation and timely reporting of the results.
We are a scientific research organization comprising a team of researchers, lecturers, and experts in various research fields. We collaborate with both public and private universities in Italy to ensure the successful conception, enhancement, and promotion of research, development, and design projects.
- We offer our scientific expertise.
- Our team can visit your premises to help you in the successful execution of your project.
- We offer comprehensive assistance in managing research, innovation, development, and design projects, as well as identifying projects eligible for tax credits.
- We help you keep track of all relevant activities and expenses to ensure your eligibility for tax credits.
Are there any additional services I could benefit from?
By choosing to
work with us on the research and development tax credit, you can take advantage
of our expert assistance with Capital Goods
4.0, Training 4.0, and Funded Training.
Service costs
Myèsis is a highly reputable research institute that offers top-notch services to
companies.
By utilizing our services, not only will you receive expert assistance, but you can also benefit from tax credits.
