Peter Varga on the use of patent box and supercomputing for Touchit

Slovakia has become a tax haven for innovative companies. The favourable tax regimes of patent box and super deduction can help IT companies to save significantly on taxes.

In Slovakia, supercomputing and patent boxing are still new topics. The use of the patent box as well as the super deduction is normally only possible if the taxpayer carries out any research and development activity. However, it must be sufficient to satisfy the elements of a qualifying activity for the purposes of the patent box or super deduction.

In every development, some new knowledge must be created. Since neither legal nor tax counsel is qualified to determine whether the taxpayer is actually performing this activity, a technical advisor should be part of the taxpayer’s team. The key is that it really is about science and research.

When patent box and when supercomputation? Read more here : https://touchit.sk/it-firmy-a-spolocnosti-ktore-robia-vyskum-mozu-vyrazne-usetrit-na-daniach/405626

You can read more about supercomputing and the patent box here.

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