RESEARCH TAX CREDIT – 2020 FINANCE ACT
French Research Tax Credit rules (“RTC”) have been modified by the 2020 Finance Act. Expenses incurred from 1 January 2020 are set at 43% of personnel costs Expenses incurred for work subcontracted to public organizations or approved private organizations can be included in the basis of calculation of the RTC The 2020 Finance Act stipulates that the research work must be carried out directly by the organizations to […]