What are incentives?
Tax Credits are a type of incentive that can offset past, current, or future taxes a business may incur. These credits can be either refundable or non-refundable, meaning that businesses can receive them even if they haven't paid any taxes (refundable) or only if they owe taxes (non-refundable).
State and local incentives are designed to promote business activity and growth within a particular state or region. These incentives vary by state and can include tax incentives for hiring specific groups of individuals (such as unskilled workers, young people, shift workers, R&D personnel, etc.), as well as incentives to encourage investments in sustainability (such as energy-efficient or environmentally friendly processes).
R&D Tax Credits are available to businesses that create or improve products, processes, software, or business models through research and development. Businesses can recoup a portion of their eligible R&D expenses for a given year through these credits, which can be either refundable or non-refundable depending on the jurisdiction. R&D Tax Credits can also be combined with other forms of non-dilutive capital.
Discover the incentives programmes
In Belgium, there are various fiscal incentives for Research & Development & Innovation, and in Flanders, there is an interesting fiscal incentive to encourage energy-saving investments.