French Tax Authority Grants Arcinova with R&D Organisation Status
Arcinova has been recognised and approved by the French Tax Authorities as an organisation undertaking R&D activities. This will bestow significant benefits upon any French customers to whom Arcinova provides a service. The recognition and approval as a ‘R&D organisation’ means that French customers of Arcinova can attract an additional 30% R&D Tax Credit when assessing their tax charge, thus reducing the customers French tax bill.
The approval covers 2016, 2017 and 2018 and will help to improve Arcinova’s competitive stance as we look to expand further into the French pharmaceutical research sector.