Research, Development & Innovation
Research, Development & Innovation
The increase of the R&D tax credit from 25% to 30% in Budget 2024 was a key ask of AmCham's 2024 pre-budget submission. Ensuring the R&D tax credit remains attractive is essential in maintaining Ireland’s competitiveness as a foremost location for inward investment.
Ireland’s spending on Research and Development (R&D) is significantly lower than the average across European Union countries. AmCham believes that this funding gap could place Ireland at a disadvantage in the race to attract new, high value, businesses into the country.