Proxiad Acquires Innovation Accreditation from French Ministry of Higher Education, Research and Innovation
We are proud to announce that we have received accreditation for the Innovation Tax Credit (Crédit impôt innovation) from the French Ministry of Higher Education, Research and Innovation for the same period. The ITC recognizes that, on behalf of our clients, Proxiad Bulgaria creates new products and pilot projects that are considered innovative.
The accreditation allows customers of ours who are small or medium-sized businesses to deduct 20 % of the taxes owed for the implementation of the above-mentioned innovations during the current year and including the period when they were implemented. Although we received the accreditation in October, the certificate is issued for three years as of January 1st, 2021. This means that our clients could be reimbursed for any innovation that was implemented from the beginning of the year until now.
In addition to the ITC, for the twelfth consecutive year, Proxiad Bulgaria has been granted The Research Tax Credit certification (Crédit d’impôt recherche) which provides opportunities to companies conducting scientific and technological research and development to deduct % of the taxes owed for the related implementation during the year. Our new CIR will be valid for 3 years: 2021, 2022, and 2023.
To learn more about the Crédit impôt innovation, please visit the French Ministry of Higher Education, Research and Innovation’s website or contact us.
