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sifide
Corporate R&D Tax Incentive System
What is it?
Business R&D Tax Benefit
SIFIDE is a tax benefit for Research and Development (R&D) of companies directly deducted from the IRC collection. It makes it possible to recover between 32.5% and 82.5% of the total costs of Technological R&D activities.
What you need to know about SIFIDE
Application Period
The application for SIFIDE II must be submitted by the end of the 5th month of the year following the financial year, and the company must obtain a statement confirming the application submission, issued by the National Innovation Agency.
See our eBook.Recipients
IRC taxpayers residing in Portuguese territory who carry out, as their main activity or not, an activity of an agricultural, industrial, commercial or service nature and non-residents with a permanent establishment in that territory.
SIFIDE access conditions
Taxable income is not determined by indirect methods;
Not be liable to the State and Social Security for any taxes or contributions, or have their payment duly assured.Eligible expenses for SIFIDE
Acquisitions of tangible fixed assets, with the exception of buildings and land, provided that they were created or acquired in a new state and directly related to carrying out R&D activities;
Expenses with personnel with at least QNQ level 4 academic qualifications, directly involved in R&D tasks. Expenses with personnel with level 8 qualifications of the QNQ, are considered in 120% of its amount.Benefit exclusivity
The deduction provided for herein cannot be accumulated, in relation to the same investment, with tax benefits of the same nature provided for in other diplomas.
fiscal benefit
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SIFIDE benefit simulator
Calcule o impacto fiscal dos seus investimentos em I&D
Experimente o simulador de benefício fiscal SIFIDE e saiba como pode ajudar a sua empresa a maximizar os seus ganhos. Faça a simulação gratuita abaixo.
O simulador de benefício fiscal SIFIDE é uma ferramenta desenvolvida para auxiliar empresas e empresários a calcular o impacto fiscal de investimentos em projetos de I&D. Permite simular diferentes cenários de investimento e avaliar o benefício fiscal decorrente desses mesmos investimentos.
Why REWARD?
100% based on your success!
We are a company specialized in consulting solutions for Applications to Incentive Systems, from planning to monitoring each application and we have a team of highly specialized consultants, with customized solutions to meet the specific needs of each client.
SIFIDE REWARD Consulting Methodology:
• Preliminary meeting
• Mid-term meeting
• Application preparation
• Calculation of the value of the SIFIDE tax benefit
• Completion and submission of the application form
FAQS
FAQs about SIFIDE
Here you can find answers to some of the most common questions about how the Tax Incentive System for Research and Business Development works and how you can benefit your company or business and make the most of this tax benefit.
When and how should the SIFIDE application be submitted?
The application for SIFIDE II must be submitted by the end of the 5th month of the year following the fiscal year.
SIFIDE (System of Tax Incentives for Business Research and Development) is a tax instrument that allows companies to deduct a portion of their expenses on research and development (R&D) activities from their corporate income tax (IRC), thereby reducing their tax burden.
The application for SIFIDE II must be submitted by the end of the 5th month of the year following the fiscal year. After verifying the compliance of the application, the company will receive a confirmation of the Tax Credit request, in accordance with Article 40, Paragraph 1 of Law No. 162/2014 of October 31.
The company has a tax period that differs from the calendar year. What is the deadline for submitting an application?
The deadline to submit the SIFIDE application is by the last day of the 5th month after the end of the tax period.
If the company has a tax period that differs from the calendar year, the deadline to submit the SIFIDE application will be the last day of the 5th month following the end of the tax period to which the R&D expenses pertain.
What are R&D activities?
R&D activities are those focused on the development of new products, processes, or services, or the introduction of technical improvements to existing ones.
Research and Development (R&D) activities aim to create new products, processes, or services, or to significantly improve existing ones, through the application of scientific or technological knowledge.
These activities include scientific research, experimental development, industrial research, and pre-competitive development. R&D activities are relevant to SIFIDE because this tax benefit supports companies that invest in R&D activities.
Know more about R&D activities in this article.
What is the benefit for new companies that haven't completed 2 financial years yet?
Companies that have not yet completed 2 fiscal years may benefit from an increase in the deduction from corporate income tax (IRC) under SIFIDE.
If the companies in question are classified as SMEs and have not yet completed two fiscal years and have not benefited from the incremental rate, a 15% increase is applied to the base rate(according to the definition set out in Article 2 of Decree-Law No. 372/2007 of November 6).
What technical human resources can be allocated to R&D activities?
All technical human resources can be allocated, provided they are directly involved in R&D activities.
Under SIFIDE, the technical human resources allocated to R&D activities are those whose main function is to carry out these activities. This includes researchers, specialized technicians, engineers, and other professionals with relevant training for R&D activities.
Are all expenses related to R&D activities eligible?
Not all expenses related to R&D activities are eligible under SIFIDE II.
There are expenses that are not eligible for SIFIDE, such as costs related to the acquisition of land, buildings, and equipment not directly used in R&D activities, financial expenses, and costs associated with the acquisition of passenger cars.
Can companies with less than 1 year of activity be recognized as companies in the technology sector in the first year of activity?
Yes, companies with less than 1 year of activity can be recognized as technology sector companies.
The recognition of a company as being part of the technology sector does not depend on the company's time of activity. A company can be recognized as a technology sector company as long as it is incubated in a certified incubator.
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