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SIFIDE WITH A NEW DEADLINE FOR APPLICATIONS
Companies with research and development (R&D) activities now have one more month to recover part of this investment through a deduction from their corporate income tax (IRC). The deadline for submitting applications to the System of Tax Incentives for Corporate R&D (SIFIDE), has been postponed until the end of the 6th month of the year following the 2020 period, without any increases or penalties. This means that companies can submit their application for the 2020 tax year until June 30, 2021.
The extension of the deadline for applications to SIFIDE, under the management of the Portuguese Innovation Agency (ANI), was determined through a joint Order issued by the Ministry of Economy and Digital Transition, the Ministry of Science, Technology and Higher Education, and the Ministry of Finance dated May 3, 2021.
What is SIFIDE?
SIFIDE is a tax incentive system that allows you to obtain a benefit under IRC corresponding to a maximum of 82.5% of the value of R&D expenses incurred during the year.
The Tax Incentive System for Business Research and Development aims to support research and development activities, related to the creation or improvement of a product, process, program, or equipment, which present a substantial improvement and which do not result from the simple use of the current state of existing techniques.
How can EQS Global support?
The domains of Research & Development activities for which EQS Global is recognized are:
Materials and Raw Materials
• Application of advanced Technologies to raw materials and materials
• Efficient, safe and sustainable use of resources
Information and Communications Technology
• Internet of Things
• Information and communications technology applied to the Industry
Production Technologies and Product Industry
• Innovative, high value-added products