Global Tax Report - September 2013: Intellectual Property Tax Planning

In This Issue:

- United States: Benefits of Intangible Property Migrations

- United Kingdom: Innovation: The Name of the Game

- Germany: OECD’s Action Plan on Base Erosion and Profit Shifting (BEPS) Within the Context of Intellectual Property

- Hungary: Intellectual Property Tax Planning

- Poland: Preferential Tax-Deductible Costs for Transfer of Intellectual Property Rights

- Czech Republic: Intellectual Property Tax Planning Incentives

- Excerpt from Czech Republic: Intellectual Property Tax Planning Incentives:

Unlike Ireland, Switzerland, Belgium, Luxembourg, Malta, the Netherlands and many other countries, the Czech Republic does not offer any special intellectual property (IP) tax regimes, but does offer a number of incentives with respect to aspects of IP research, development and investment.

Income from IP is taxable at the general corporate income tax rate of 19 percent. IP assets are generally depreciated for tax purposes on a monthly basis (18 to 72 months depending on the type of IP or over the period over which the taxpayer has a right to use; generally 32 months for software and results of R&D activities). IP assets that are being created for reasons other than trade or repetitive provision to third parties (e.g., software developed for internal purposes) is not activated and depreciated for tax purposes but is expensed, as expenses are accrued in accounting under GAAP....

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