What is R&D?


creative work undertaken on a systematic basis to increase the stock of knowledge… and the use of this stock of knowledge to devise new applications (OECD, 1994)


Creating new applications means to trigger

  • growth of knowledge
  • revenues
  • scientific substance
  • profits
  • improving lives

One good example is the vaccines developed during the last 1.5 years.

Under this impression governments want to support the development of knowledge for generating these following consequences devising new applications.

Beside several ways of attracting people, companies, scientists, ideas and the compound of knowledge in “their” territory, R&D tax incentives are broadly provided by governments.

As you will see, not all countries make use of such incentives, anyhow, others attract

  • capital
  • the individuals, by providing income tax incentives
  • create patent boxes for incentivizing the gain out of this knowledge
  • or other ways

You will find in our summary of R&D Incentives a guidance where such incentives are provided, and who in WTS Global can support you to gain from these incentives for your business or individually the most.

Contact our advising partners!

View the R&D tax allowance in Europe brochure here.