Due to the level of innovations developed as well as the level of qualification and expertise of the members of our teams, our digital agency has obtained CII and CIR approvals . These approvals are awarded by the MESRI, Ministry of Higher Education, Research and Innovation. This recognition from the French administration thus demonstrates our agency’s ability to carry out innovative research and development activities, otherwise known as R&D. This also means that if your project is in an R&D phase, you can be reimbursed up to 20% of your invoice by working with our digital agency SQUIRREL . You want to know more ? Let us take up together the definition of these terms and their scope of action.
Summary What is the CIR, the research tax credit? Are the CII and the CIR cumulative? Why is supporting R&D efforts important? What is the CIR, the research tax credit? The CIR is a very useful tax assistance to allow the development St. Pierre and Miquelon Email List of research and innovation activities in companies, to support the creators of innovative companies or to promote the exchange of knowledge between companies and research organizations and establishments. . This mechanism is therefore an incentive to make financial efforts for scientific and technical research by companies in order to increase their competitiveness . The entreprises gouv.
What Is The Cii, The Innovation Tax Credit?
fr site defines the CIR as a tax credit of: 30% on tax-defined R&D expenses up to € 100 million 5% on tax-defined R&D expenses going beyond these € 100 million According to the website of the Ministry of Higher Education, Research and Innovation, to benefit from the CIR, companies must complete a declaration that they attach at the same time as the balance statement (for companies subject to IS) or the annual declaration of results (for sole proprietorships). According to BPI France, the CII is a support system for innovative companies established by the 2013 finance law which supplements the research tax credit (CIR). Its objective is to support SMEs which incur specific expenses to innovate.
As a reminder, SMEs are small and medium-sized craft, agricultural, industrial and commercial enterprises with a workforce of less than 250 employees and a turnover of less than 50 million euros or a balance sheet total of less than 43 million. euros. The latter can benefit from a tax credit of 20% of the expenses necessary for the design and production of prototypes or the pilot installation of a new product. The base is capped at € 400,000 per year and per company. The declaration is made according to the same methods as the CIR. Are the CII and the CIR cumulative? We have seen separately what the Innovation Tax Credit is and what the Research Tax Credit is. Now we are going to take a look at the fact that they are not only complementary, but also cumulative !
Are The Cii And The Cir Cumulative?
The CIR and CIR are compatible with other innovation support measures: JEI device, Young Innovative Company Competitiveness and Employment Tax Credit BPI aids Regional, national and European grants CIR-CII-eligible-expenditure Why is supporting R&D efforts important? According to the strategie.gouv.fr site , over the past fifteen years, French multinationals have proportionately increased their R&D spending in France more than abroad, and the CIR has probably contributed to this. Their level of R&D effort is however low in view of the strong dynamism of the large companies which invest the most in R&D in the world , including those from countries that do not have such generous tax assistance. The relative weight of French groups within the 2,000 main world R&D champions globally fell by a third between 2005 and 2019, while the large groups from other European countries resisted better in the face of the very rapid growth of Chinese groups.
This is all the more true for the groups in the United States, which continue to represent a share of nearly 40% of total world R&D . If you have an innovative project, we invite you to contact us to find out more about these aids and how you can take advantage of them to get started.You must therefore ask yourself which business problem seems the most crucial to resolve . Thus, you will identify the most relevant levers for your digitalization. It is no longer enough to have an innovative set of products or services, you must know how to design, develop, deploy, manage and constantly evolve your digital services. Prepare your business for digital transformation: But how? Once your needs have been identified, you can take a number of actions to start your transformation.