Mimit, surge in requests for certification of R&D tax credits
- The Ministry of Enterprise and Made in Italy (Mimit) has reported a surge in requests for certification of research and development (R&D) tax credits.
- In the first nine months of 2023, over 12,000 applications were submitted, a 25% increase compared to the same period in 2022.
- The R&D tax credit is a government incentive designed to encourage businesses to invest in innovation.
- It allows companies to deduct a percentage of their R&D expenses from their taxable income.
- The tax credit is available to companies of all sizes and in all sectors.
- The increase in applications for certification is a sign that businesses are increasingly recognizing the value of R&D tax credits.
- The government is also encouraging businesses to invest in R&D by providing additional funding for research projects.
- In the 2023 budget, the government allocated €5 billion for R&D, an increase of €1 billion compared to 2022.
- The government is also working to make the R&D tax credit more accessible to businesses.
- In 2022, the government introduced a simplified procedure for applying for certification.
- The government is also considering increasing the tax credit rate for certain types of R&D activities.
- The increase in R&D investment is expected to have a positive impact on the Italian economy.
- R&D is a key driver of economic growth and innovation.
- By investing in R&D, businesses can develop new products and services, improve their productivity, and become more competitive in the global marketplace.
Mimit, sprint delle richieste di certificazione per i crediti imposta R&S
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