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Current Entrepreneurship and Innovation Policies (view source)
Revision as of 15:19, 8 June 2016
, 15:19, 8 June 2016→Innovation
==Innovation==
*Under the The '''[[Innovation Promotion Act]]''' of 2015, companies will be allowed up to a 71% deduction of the lessor of either their taxable income or their innovation box profit(a calculation subject to tentative innovative profit and 5-year total research and development costs). In other words, income derived from intellectual property would be taxed at a lower tax rate. Qualified innovation intellectual property would include patents, inventions, formulas, processes, computer software, and possible other innovations.
==References==