Belgium remains one of the most generous countries in terms of R&D. Among its incentives are the partial exemption from payment of the researchers’ withholding tax (DPP) and the innovation income deduction (IID). The money is available, but it is up to companies to go and get it… and this is not always a simple task.
For several years, the Patent Income Deduction (PID) was the benchmark for tax incentives for innovation. Now it is called the Innovation Income Deduction (IID). The IID incorporates several new features that are fundamental to benefiting from it.