Public Consultation on the Research and Development Tax Credit and on Options to Support Innovation

AmCham welcomes the opportunity to respond to the Department of Finance on the Research and Development (R&D) Tax Credit and options to support innovation. This submission is structured to reflect the priority issues identified by AmCham members, starting with the most pressing concerns and focusing on measures that will enhance Ireland’s competitiveness as a destination for high-value R&D investment.

Key priorities include a transformational amendment to allow related party R&D expenditure within a new subcontracting cap of 100 percent, recognising agency staff costs as internal R&D expenditure, and enhancing the R&D tax credit rate to 35 percent. AmCham also recommends the introduction of targeted tax credits for digitalisation and decarbonisation, supporting businesses with project-focused digital transformation and sustainable practices which reduce carbon emissions.

You can read AmCham's full consultation response here