Rose Conway-Walsh (Mayo, Sinn Fein)
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277. To ask the Minister for Finance the countries in the European Economic Area that provide a tax credit system for research and development; the countries in the European Economic Area that apply a tax credit system for research and development that applies to research and development activity in circumstances in which the activity is carried out in another jurisdiction of the EEA; and if he will make a statement on the matter. [43442/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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Governments in many countries provide support for research and development (R&D) with the aim of promoting R&D investment in their respective economies. For example the primary policy objective behind the Irish R&D Tax Credit is to increase business R&D in the State, as R&D can contribute to higher innovation and productivity.

Support can come in the form of direct support such as grant funding or other fiscal incentives, or indirect support such as tax incentives. I am aware that, in addition to Ireland, a number of countries in the European Economic Area (EEA) provide a tax credit or tax relief for the carrying out of R&D.

My Department does not have access to comprehensive information on the tax systems of other countries and, as such, I cannot comment on the availability of tax credits for R&D or the scope of these credits in other jurisdictions.

The Deputy may be interested in the Organisation for Economic Co-operation and Development (OECD) Compendium of Information on R&D Tax Incentives. While this is not constrained to the countries of the EEA, it does provide general information on R&D supports across the members of the OECD.  www.oecd.org/sti/rd-tax-stats-compendium.pdf.

Rose Conway-Walsh (Mayo, Sinn Fein)
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278. To ask the Minister for Finance the amount of cash repayments made on research and development tax credits in circumstances in which the company involved did not have sufficient tax liability for each year since 2015; the amount scheduled to be paid out in 2021, 2022 and 2023 under ongoing repayment instalments; and if he will make a statement on the matter. [43443/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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It is assumed the Deputy is referring to payable tax credits in respect of research and development (R&D) expenditure.

I am informed by Revenue that the available information in respect of payable tax credits is published in Revenue’s statistics on R&D (see page 4), which is available at  www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/r-and-d-tax-credits.aspx.

The information provided covers all years since the commencement of the payable tax credit up to 2019, the latest year for which tax returns are available.

The amount of payable credit available to a company is calculated after first offsetting any available credit against corporation tax liabilities in a given year.  Therefore forecasts are not available for the amount of payable credits for the years 2021 to 2023 as these will depend on the profitability of the companies concerned, in addition to being contingent on the level of qualifying R&D activity carried out by claimant companies.