See: http://www.jpost.com/Business/Commentary/Article.aspx?id=213334
Allows acquiring company to write off net value of IP in acquired company over 5 years – both acquirer and acquired must be companies incorporated and managed/controlled in Israel, so has very limited application globally.
HMRC has published the latest set of details on the number and value of R&D tax relief and R&D tax credit claims, covering claims in 2008-9. There is an increase in the number and value of claims, but it is surprisingly small considering that 2008-9 was the catch-up deadline to get in claims for relief on expenditure over the previous six years (the relief now has to be claimed in the company tax return or amended return).
The total number of companies claiming the relief was 8,.350 in 2008-9 – that seems a very low number, and it may make the scheme vulnerable to change/removal in the upcoming consultation on how IP is taxed in the UK.
Kronospan Mielec sp zoo v Dyrektor Izby Skarbowej w Rzeszowie (Case C-222/09): the ECJ confirmed that where R&D services carried out by engineers are supplied ‘on a contract basis for the benefit of a recipient established in another Member State’, they were ‘services of engineers’ and so the place of supply is the country in which their work is carried out, not the country from which they are supplied.
The Government has finally enacted (in Finance (No.2) Bill 2010, which will become Finance (No.3) Act 2010, a relaxation for small and medium-sized companies’ (SMEs) R&D tax relief by removing the requirement that they own any intellectual property that results from the R&D.
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Russia has now formally established the “Skolkovo Innovation Centre”, near to Moscow, creating an R&D zone aimed at attracting investors to set up technical research facilities. Part of the attraction of the R&D zone will be 0% tax on R&D income and 0% property tax for 10 years.
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An interesting article (PDF, and in Portuguese only, but cut & paste into Google Translate may be enough to get you through it) by Marcelo Siqueira on tax benefits for R&D in Brazil, from the Brazilian IP Institute.
On March 19, 2010, the United States Court of Appeals for the Federal Circuit provided much needed clarity regarding the definition of independent research and development (IR&D) costs – see the publication (pdf) on the topic by McKenna Long & Aldridge LLP.
The UK Pre-Budget Report today had a couple of IP moments – overall potentially useful, but really just not trying hard enough. It’s another missed opportunity, doing little or nothing to support the majority of IP-focussed business.
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The Netherlands 2010 budget includes a proposal to revise the patent box regime, renaming it the innovation box regime – the intention being to widen access to the regime, and eliminate several obstacles to use of the present patent box.
Via IPKat: The 2009 EU Industrial R&D Investment Scoreboard has been published.