8 November, 2011

Research & Development: Adding Value to our 2011 Corporation Tax Closing

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By: PBS OneWorld

Now that less than two months are left for the end of year 2011, it is time to start planning the closing of the fiscal year, especially considering that most of the Spanish companies have a year coinciding with the calendar year.

Today, we would like to focus our attention on certain activities that are specially rewarded by our Spanish legislator, with the aim of promoting a sustainable economy in our country.

We are referring to Research & Development (R&D) activities undertaken by Spanish taxpayers, which can qualify for a tax relief in Spanish Corporation tax, thus leading to a significant reduction of the final tax payable.

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Based in Barcelona and Madrid. Englobally is our Latin American business partner established in Santiago de Chile.

We are also part of Englobally Group, an international association of independent accounting and advisory firms that provide a one-stop shop managed solution for accounting, payroll and HR needs, with member firms in over 25 countries and associates working in many others. Many fast growing technology and lifescience businesses find their international services invaluable. Companies in many other sectors are attracted by the close and supportive way Englobally Group works.




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