Innovation income deduction | MoneyOak Belgium

Innovation income deduction

Does your business develop innovative projects of programs?

Do you own a patent or a computer program protected by copyright? If you do, then you may be able to benefit from a very attractive Belgian tax measure: Innovation Income Deduction.

In 2017, Belgium replaced Patent Income Deduction (PID) with Innovation Income Deduction (IID). One of the major changes in this measure was the inclusion of innovative computer programs protected by copyright.

IID reduces the tax base for corporation tax. These reductions can be as much as 85% of the net income attributable to eligible intellectual property rights, in particular for patents or software protected by copyright.

MoneyOak examines and confirms the eligibility of these intellectual property rights.

The added value for your company

We will guide you throughout the whole procedure for implementing Innovation Income Deduction (IID):

Assembly of the calculation of the gross and net income attributable to eligible intellectual property rights
Assistance in the tracking & tracing process of the elements that make up the deduction within the company’s internal accounting
Lodging of applications for advance rulings with the tax authorities and negotiating a favourable result.
And because we are so confident about achieving results for you, we work on a “no cure, no pay” basis.

Our scientists and tax specialists will assist you all the way

From identifying eligible projects, right through to obtaining reductions in corporation tax. Our experts will also ensure that your business optimises its Innovation Income Deductions.

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Knowldege Center

The innovation income deduction (IID)

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.

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Does Belgium offer tax incentives for innovation?

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 (PPTE) and the innovation income deduction (IID). The money is available, but it is up to companies...