We are proud to communicate excellent news, ID Vision Center obtains accreditation as a CORFO R&D Center with the code SR-267, in the Registry of Centers for Carrying out Research or Development Activities of Law No. 20,241.
The accreditation allows you to be part of the list of existing R&D Centers in Chile. This center is made up of scientists who are experts in biometrics who carry out scientific research activities aimed at solving problems related to biometric identity verification or the detection of identity fraud or any type of R&D related to this knowledge. Likewise, it will allow you to benefit from Law 20,241 (R&D Law), which establishes a tax incentive for private investment in Research and Development.
Research and Development Centers are entities that have the material and human resources necessary to carry out activities aimed both at generating scientific knowledge and at facilitating its exploitation either by existing companies or through the generation of new business initiatives.
We invite you to develop R&D together in any of these modalities:
1. Celebrate contracts and/or R&D projects with companies or other institutions, for the Create and Validate projects and their derivative.
R&D contracts correspond to a service provision contract concluded between one or several companies and a Research Center registered in the Registry of Centers that Corfo manages. This modality is called R&D carried out “extramurals”.
R&D projects, corresponds to the set of R&D activities carried out by one or several companies using their own internal capabilities and/or by contracting third parties (universities, R&D Centers registered or not in the Corfo Registry, companies, etc.), which must be carried out mainly within the national territory. This modality is called R&D carried out “intramuros”.
2. Develop new knowledge (R&D) tailored to your company.
3. Help your company to invest in R&D by allowing you to recover or reduce a 35% tax credit against the First Category Tax on the amount invested in R&D and the remaining 65% of the amount invested may be considered a necessary expense. to produce income, independent of the business's line of business.
It is important that you keep in mind that the tax incentive only applies to R&D activities and NOT to activities that correspond to innovation.
We want to accompany you on this path towards innovation. We offer our collaboration to research and develop technologies that boost the growth and competitiveness of their companies. We believe that together we can achieve great achievements and transform the future.
What is the R&D Law?
The Research and Development (R&D) Law aims to contribute to improving the competitive capacity of Chilean companies, by establishing a tax incentive for investment in R&D allowing them to reduce the first category tax up to 52.55 % of resources allocated to research and development activities.
A 35% Tax Credit against the First Category Tax on the amount invested in R&D and the remaining 65% of the amount invested may be considered a necessary expense to produce the income, regardless of the business's line of business.
The concept of R&D is normally associated with highly complex work carried out by a minority of private actors; however, in practice, many companies carry out this type of activities without knowing it because they do not know the real scope and definitions of them. .
Investigation
Generation of new knowledge, through the execution of experimental or theoretical work
Experimental development
Creation of new or improved materials, products, devices, processes, systems and services, through the use and exploitation of available research or knowledge.
R&D Law: Characteristics
It allows applying tax benefits for internal R&D expenses and/or the contracting of any entity that executes the R&D project.
15,000 UTM Annual tax credit limit (35% of expenditure) per taxpayer.
Companies in a situation of tax loss or that do not have sufficient tax against which to apply the tax credit, can apply it in subsequent years.
Complementary with other public financing support, allowing the benefits to be applied to the business contribution.
It allows projects to be presented in an associative manner, with each company applying tax benefits for the contribution made to the execution of the project.
Recognition of retroactive expenses in the event of previously submitting a Statement of intention to use the R&D Law.
R&D Law: Requirements
Be a 1st category taxpayer
Declare income through complete accounting
Have a Research and/or Development project for a minimum amount of 100 UTM
Pay a fee when requesting certification
For more information about our accreditation and how we can collaborate, do not hesitate to contact us. We are here to answer all your questions and explore the opportunities we can create together.
WE ARE HERE TO PROTECT
Source: www.corfo.cl
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