a&r was approved as a company engaged in research and development, and therefore received the approval for the research tax credit from the French Ministry of Higher Education, Research and Innovation. The Research Tax Credit (CIR) is a tax measure of the French government with the aim to encourage companies in their research and development efforts by deducting the costs for R&D from the actual taxes.
The CIR-agreement is valid for a period of 3 years, active for the years 2022, 2023 and 2024. This approval allows our French clients to benefit from a tax reduction up to 30% of the actual expenses incurred in the research and development support for their projects.