Ireland has announced a significant boost to its Research and Development (R&D) tax credit, increasing the rate to 35% in a decisive move aimed at strengthening innovation and attracting greater investment. The government is also considering expanding the scope of the credit to cover a broader range of activities, signaling a renewed commitment to supporting cutting-edge industries and enhancing the country’s competitive edge in the global market. This development comes as part of Ireland’s ongoing strategy to foster a vibrant research ecosystem and stimulate economic growth.
Ireland Boosts R and D Tax Credit Rate to Enhance Innovation and Competitiveness
In a decisive move to foster innovation and sustain Ireland’s competitive edge in the global market, the government has increased the Research and Development (R&D) tax credit rate to 35%. This enhanced incentive is aimed at encouraging more businesses, especially startups and SMEs, to allocate resources towards…
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Author : Isabella Rossi
Publish date : 2025-10-07 18:25:00
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