Knowledge Development Box (Certification of Inventions) Bill 2016

The Government has published the Knowledge Development Box (Certification of Inventions) Bill 2016 which will allow small and medium sized companies engaged in research and development activities to avail of the Knowledge Development Box. The Bill, which is expected to be enacted by the end of the year, will enable companies who comply with its conditions to avail of a 6.25% corporate tax rate on income generated from commercialising certain intellectual property. 

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