The Knowledge Development Box, as part of the Finance Act, has passed through the Dáil and will commence on 1st January 2016.
The Knowledge Development Box (KDB) is aimed at incentivising companies to undertake innovative activities in Ireland by providing a 6.25% corporate tax rate for income generated from commercialising certain
intellectual property (“IP”).
During 2015 the Department of Finance undertook a national consultative process on the KDB. As part of this IRDG consulted with the membership, initiated a working group, made a detailed submission and held meetings with the Department.
Guidelines on the KDB are currently being developed by Revenue in relation to the legislation and they will be looking for early feedback from industry.
IRDG will hold this key seminar on February 9th bringing together key parties including State Agencies, Revenue, Taxation and Intellectual Property professionals to explain and debate this new initiative for industry.
Contributors will include Joe Tynan, PwC; Eoghan Hanrahan, Enterprise Ireland; Christine Kelly, IDA; Gerard Barrett, Patent Office; Fred Logue and Aine Hollingsworth, Revenue.
Please note: At this stage this event is booked out, and final places are reserved for IRDG member companies only. If your company is not a member and you would like to attend, please email firstname.lastname@example.org to join the waiting list. As cancellations arise we will do our best to accommodate as many as possible.