Technology-enabled innovation in financial services has led to the creation of new business models, applications, processes, products and digital currencies. The nature of these activities taking place in Financial Technology makes it an industry ripe for claiming and availing of Tax Incentives such as the Research & Development (R&D) tax credit.
Ireland has a favourable Research & Development (R&D) tax credit which allows a 25% Tax Credit for companies carrying out R&D activities. Our sector-specific expertise allows us to identify eligible activities at the underlying technology level, and identify the technological advancements in the development of financial products or services.
Expenditures can include wages, third party contractor cost (contractor performing R&D in EEA), materials, plant and machinery, and overheads.
Braithwaite are delighted to have a number of leading International Fintech companies on their books. Thanks to our resident Expert IT Technical Consultant we have managed identify qualifying activities and help our clients maximise their claims.
Contact us today to discuss your companies development activities in Fintech and we will offer you an Initial Consultation FREE of charge.