Intellectual Property Box regime

The Intellectual Property Box regime is a tax incentive designed to encourage companies to develop and commercialize their intellectual property (IP), such as patents, trademarks, and copyrights. Under this regime, profits earned from qualifying IP are taxed at a lower rate than regular corporate income. This makes it more financially attractive for businesses to invest in innovation and research, fostering economic growth. Essentially, it rewards companies for creating ideas and inventions that can benefit the economy and society while ensuring they pay reduced tax on the profits generated from those innovations.