Knowledge Development Box to be extended for 4 years

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The Minister for Finance Paschal Donohoe said the Knowledge Development Box - which encourages companies to develop Intellectual Property in Ireland - is to be extended for a further four years.

Announcing Budget 2023 measures, the Minister said he would also introduce amendments to the payable element of the Research & Development tax credit to make sure it is in line with the new international definitions.

He noted that the country in recent years has emerged as a location of choice for new and innovative multimedia industries, such as animation and digital gaming.

 

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