$149 million invested into 3D printed earphones
The wearable technology company HeyGears is making a significant research and development investment into building a 3D printing facility for the Foshan district of Guangdon, southeast China. The [...]
Innovative companies are playing key roles in their national economies, with research and development investments made by business being substantial drivers of growth and prosperity for nations. Due to this R&D incentive regimes are being reformed world wide at an unprecedented rate to accommodate and attract highly innovative companies to invest in their economy.
Many countries promote and encourage R&D operations in their economy as part of strategic plans to increase research activities and develop their nation. Countries which offer R&D tax incentives are considered favourable locations for internationally-mobile R&D companies.
The Malaysian government offers a wide range of incentives to attract investments in R&D, including Investment Tax Allowance (ITA), Super deductions and enhanced benefit for Pioneer Status (PS). There are numerous government funding programs to support various industries.
R&D incentives available in the Philippines are to promote investment in specific industries, and to benefit all persons engaging in R&D activities. R&D expenditure treated as a current expense is deductible at 100% or a deferred expense ratably distributed over a period of no less than 60 months.
Tax exemptions or reduced tax rates are available for companies that derive income from performing R&D, the sale of product during test production and products made from new technology. An import duty exemption is available for investment projects and goods imported for direct use in R&D.
There are no current R&D based tax incentive schemes for Indonesia, however tax incentives are available for companies seeking to invest in new or improved activities for expansion of the business.
The Indian Government provides a weighted tax deduction to companies with R&D approved by the Department of Scientific & Industrial Research (DSIR).
Singapore offer an R&D Tax Incentive of 100% as well as an enhanced tax deduction of 250% for local expenditure incurred for staff salaries and consumables. This can be claimed for R&D performed in-house, outsourced or as part of a cost-sharing agreement, providing that the taxpayer is the beneficiary of the R&D activities.
The wearable technology company HeyGears is making a significant research and development investment into building a 3D printing facility for the Foshan district of Guangdon, southeast China. The [...]
Taiwan’s Ministry of Economic Affairs plan to set up an open innovation service platform to encourage cooperative R&D programs. The project will cost NT$5 billion and will take four years to [...]
Israel’s Innovation Authority is planning an R&D program that will offer grants of up to 50% for eligible expenditure for corporations with sales over $100 million. NIS 70 million is to be [...]
German luxury carmaker BMW opened a new R&D centre in Shenyang on Thursday. The building covers 40,000 square metres and is the largest BMW centre outside of Germany. The centre employs over [...]
For the second year running, Singapore is ranked as the most innovative country in Asia and ranks as seventh on a global scale, which is actually a one spot drop from last year. South Korea came [...]
Travel Bug2022-09-03Trustindex verifies that the original source of the review is Google. I approached 3 different R&D tax consulting firms for quotes and not only was Swanson Reed the most responsive, they were the best priced and performed the most services in the quickest amount of time. I was skeptical at first but just got my final pack and am stoked it was all true. Would give 6 stars if could. Daniel McGregor2022-08-11Trustindex verifies that the original source of the review is Google. I have been using Swanson Reed for my clients for more than a decade. Having a specialist firm that can provide practical and commercial advice that produces real outcomes is very important and we have received great feedback from our clients. Highly recommended. John2022-06-15Trustindex verifies that the original source of the review is Google. Damian and the rest of the team at Swanson Reed have been supporting us for several years. We always appreciate their insights, expertise, and efforts. Rueben Rajasingam2022-06-06Trustindex verifies that the original source of the review is Google. Experienced responsive Team. They have been a great help to me and my company navigate the R&D tax claim process and have provided invaluable advice. Enrique Esquivel2022-06-06Trustindex verifies that the original source of the review is Google. Damian and the team at Swanson Reed have been extremely helpfully and professional during all of our consultations. Highly recommended. Jess at Y&C2022-06-03Trustindex verifies that the original source of the review is Google. Anatole Kononewsky2022-06-02Trustindex verifies that the original source of the review is Google. The Swanson Reed team have provided our company with exceptional professional advice and assistance for all of our R&D claims for many years - have always achieved great results with excellent value for their services. Payam Toloo2022-06-02Trustindex verifies that the original source of the review is Google. Damian Smyth and his team are very helpful, supportive and experts in their field of R&D Tax claims. I'm always happy with the work they do and been a customer of their for over 5 years. Melissa Doddy2022-05-31Trustindex verifies that the original source of the review is Google. The Team at Swanson Reed are very experienced R&D Tax Advisors and gave us ongoing support with all of our R&D Claims, the consultants ensured we were always working with current legislative guidelines, gave us assistance with compiling technical and government documentation and went out their way to ensure they were with us for the entire process from beginning to end. Highly recommended to anyone who needs assistance with working through what can at times be a daunting process. Gary Watson2022-05-31Trustindex verifies that the original source of the review is Google. We can highly recommend Swanson and Reed as an R & D accountant. We have worked with them for several years now as they make our R & D claim so easy and communicate quickly with both us and our accountant.
or have Swanson Reed call you.
$149 million invested into 3D printed earphones
The wearable technology company HeyGears is making a significant research and development investment into building a 3D printing facility for the Foshan district of Guangdon, southeast China. [...]
$5 Billion Open Innovation Service Platform To Be Developed in Taiwan
Taiwan’s Ministry of Economic Affairs plan to set up an open innovation service platform to encourage cooperative R&D programs. The project will cost NT$5 billion and will take four years to complete. [...]