Publication of Knowledge Development Box (KDB) Bill 2016
The KDB (Certificate of Inventions) Bill 2016 has been published. The KDB was introduced in Budget 2016 and its aim is to incentivise companies to carry out innovative activities in Ireland by providing a reduced corporation tax rate of 6.25% for income generated from exploiting certain intellectual property.
The Bill and the Explanatory Memorandum can both be found on the Oireachtas website.