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Elsewhere in the world (under IFRS accounting rules) capitalization of R&D costs has been a firm requirement for a while. The US has been somewhat unique in all
by mppm 1y ago
Elsewhere in the world (under IFRS accounting rules) capitalization of R&D costs has been a firm requirement for a while. The US has been somewhat unique in allowing them to be expensed instead, until recently.
- svara 1y agoTaxes are calculated according to tax accounting rules, not IFRS, though? I know of at least two Western European countries where you don't have to do that. Don't worry, we pay enough taxes either way ;)
- mppm 1y agoYeah, seems I was wrong about that. Apparently most IFRS countries allow expensing R&D for tax purposes, regardless of accounting. Many even have an R&D superdeduction nowadays. Sorry for the noise :(
- bravesoul2 1y agoI was confused and has to double check. In Australia you can deduct them https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/incentives-and-concessions/research-and-development-tax-incentive-and-concessions/research-and-development-tax-incentive/previous-years/guides/amounts-you-can-claim/eligible-expenditure-under-the-rd-tax-incentive https://www.ato.gov.au/businesses-and-organisations/income-d...
- 0xWTF 1y agoCame here to ask about the Aussie RDTI. So, if I spend $10M on R&D and make $5M, what's the difference between US and Aussie net?
- anticensor 1y agoSome countries have uniform accounting where the tax accounting rules closely follow IFRS.
- deleted 1y ago[deleted]