Details.
R&D tax incentives are government schemes offered in Europe, the UK and across the globe to provide tax savings and often cash refunds for companies investing in R&D activities. FRS supports clients by identifying eligible projects and expenses, preparing and calculating claims, documenting the innovative aspects, assisting with administrative enquiries and providing end-to-end support. In Spain, companies can apply a 25% deduction on R&D expenses, or 42% on the portion exceeding the average of the previous two years' R&D expenditure. Spain also offers the option to obtain 80% of the R&D tax credit as cashback, subject to requirements including a binding report from the Ministry of Economy.
