R&D Incentives in Finland:
Enhance your company’s performance with R&D Incentives

What are R&D Incentives?

In January 2023, the Finnish government introduced two new R&D tax incentive schemes to boost research and development activities among Finnish companies. This move aims to offer a tax deduction for R&D projects to all companies, showing the government’s commitment to fostering innovation and encouraging companies to utilize this scheme for their benefit.

Finland has now 3 different schemes for R&D

Companies engaged in R&D projects in Finland may qualify for a tax deduction of up to 1.5 million euros annually, enhancing their capacity to innovate and grow.
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    2021 Establishment

    Established in 2021, Finland introduced an R&D incentive offering a 50% deduction on subcontracting costs, which has been increased to 150% for costs incurred from 2022 to 2027, with a yearly cap of 500,000 euros.

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    2023 Establishment

    In 2023, Finland introduced a tax incentive allowing a 50% deduction on R&D wages and purchased services, ranging from 5,000 to 500,000 euros, to support research and development activities.

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    2023 Establishment

    The deduction is 45% on the increase in R&D wages and purchased services from the previous year, with a maximum limit of 500,000 euros to encourage growth in research and development investments.

Do You Qualify?

Companies can qualify for a yearly deduction of up to 1.5 million euros on R&D activities as defined by the OECD Frascati Manual. This includes fundamental and applied research, development work, and feasibility studies, supporting a broad range of innovative efforts.

R&D incentive example in the automotive industry

The company is developing a new solution aimed at reducing the airbag deployment time during a crash.
  • Wages 522 350 Euros
  • R&D expenses 235 000 Euros
  • R&D subcontractor 153 450 Euros
  • Total R&D expenses 910 800 Euros

Our Added Value

As Europe’s leader in R&D incentives, Leyton offers comprehensive support, identifying eligible projects and preparing detailed documentation for the entire process, including:

  1. Scoping
  2. Document preparation
  3. Submission
  4. control procedures

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    At Leyton we leverage innovation funding expertise to offer comprehensive tax relief claim services, managing projects from start to finish. With experienced tax professionals, we assist businesses in navigating the R&D tax and SSC relief scheme, preparing the necessary technical reports for claim submission.

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