The new innovation deduction is the successor to the patent deduction (IP box). As a result, you reduce corporation tax from 25% to 5.1% for net income that’s related to innovation that’s protected by intellectual property (including through a patent). The deduction cannot simply be applied but requires thorough prior study and a meticulous documentation obligation. Venture Campus helps you with all the steps you need to take to apply the innovation deduction. The first step is a feasibility study to see if the deduction is applicable to your organisation. We assist you in drawing up the file that is required for a tax audit and can also assist you in applying for a tax ruling.
Applicable to sales of innovative products and services
Do you sell innovative products and services? The innovation deduction could well be applicable to the turnover attributable to this.
The innovation deduction cannot be applied lightly
There is a lot to look at in the innovation deduction. Are you in possession of the right patents? Do you have a correct time tracking system for your developers? Are your general conditions well defined? Is the transfer of the right of use to your customer in the right way? Are your R & D activities registered (and approved) at BELSPO? …
Why innovation deduction via Venture Campus?
Venture Campus has already supported dozens of Flemish companies in applying the patent and innovation deduction. We help you from A to Z and therefore offer a total solution that can reduce your tax burden from 25% to 5.1%. We use a no-cure, no-pay fee for this, which means that you only grant a small part of the benefit to us in case of success. Are you eligible for the innovation deduction? In that case, you can most probably also claim innovation subsidies via Vlaio or via Europe (EIT).
5.1% instead of 25%.
Obviously Venture Campus takes care of this.
So no risk of prohibited state aid.
Tax benefit for medium enterprise +100.000 euro per year.
"Venture Campus makes sure that every year, we receive a deduction on our revenue streams coming from an innovative application."
We work with the no-cure, no-pay principle for most subsidy applications. This means that you only have to pay if the subsidy is awarded.
Definitely! Startups are part of our regular customer base. We often provide leverage through subsidies on capital increases by investors.
Just because we work via the no-cure, no-pay principle, where we are only paid for success, our success ratio is high. If we believe in your project, we do so based on our expertise with hundreds of other clients.
We analyze for free whether your project qualifies for subsidies. This can be done by telephone, via a video call or even via our subsidy robot.
We are happy to discuss the possibilities for subsidy in person. After signing the agreement, our work will start with the aim of submitting within 60-90 days. Contact us today to start your grant application!