Tax shield
The Colombian National Council of Tax Shield has the objective of qualifying and defining the criteria and conditions for granting companies tax benefits as an incentive for supporting and investing in projects related to science, technology and innovation.
The benefits that companies could receive are:
1. Tax deduction and discount.
If the investments made by the company in research, technological development and innovation comply with the defined conditions, 25% of the value invested in the taxable period is deducted from the income tax, according to article 258 of the tax statute.
2. Tax credit for investments
Investments made by micro, small and medium-sized companies in research, technological development and innovation that meet the defined conditions, may access a tax credit for 50% of the value of the investment made.
Because of these benefits and many more, it is important that as a company you bet on scientific, technological and innovation development in the country to solve social and market problems.
If your company already does so, Reddi will advise you and accompany you in the structuring of projects to access the next call for proposals from the Ministry of Science, Technology and Innovation.
