The Good Law: understand how to take advantage of tax benefits

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Recognizing the importance of research and development in the area of ​​technology, Brazil implemented the Lei do Bem, a set of tax incentives created to promote research, development and technological innovation in companies.  

In this article, we will explore a work methodology that can be adopted to take advantage of the tax benefits provided by the Lei do Bem. Enjoy your reading!

Origin of the Law of Good
The Lei do Bem, officially known as Law No. 11,196/2005 , was gambling data singapore created with the aim of encouraging Brazilian companies to invest in research and development (R&D) and technological innovation. It offers tax incentives that reduce the tax burden of companies in relation to IRPJ and CSLL, allowing them to invest more resources in the area of ​​innovation.

Work Methodology to Take Advantage of the Benefits
To enjoy the tax benefits of the Lei do Bem, it is essential that companies adopt an appropriate work methodology.  

Below is a structure that we follow and that suits most projects:

1. Identification of Innovation Projects

The first step is to identify technological innovation projects that are eligible for the benefits of the Lei do Bem. These projects may include the development of new products, processes, services or significant improvements in existing technologies.

2. Cost and Expense Survey

Next, it is necessary to list all costs and expenses related to the identified innovation projects. This includes expenses with personnel, materials, equipment, hiring specialized technical services, among others. It is important to document all expenses clearly and in an organized manner.

3. Classification of Projects under the Goods Act

Based on the costs and expenses identified, it is necessary to classify the projects under the Lei do Bem, verifying whether they meet the requirements established by law and keeping in mind that the Ministry of Science and Technology is the body responsible for analyzing and approving innovation projects, ensuring their adherence to the criteria of the law.

4. Preparation of Technical Reports

The Lei do Bem requires the preparation of technical reports that prove the implementation of innovation projects. These reports must describe in detail the activities developed, the results achieved and the technological impacts generated.  

It is recommended to have specialized professionals to prepare these reports, ensuring that they comply with legal requirements and the criteria established by the Ministry of Science and Technology.

5. Calculation and Use of Tax Incentives

After the technical reports have been prepared and the projects have been approved by the Ministry of Science and Technology, it is possible to calculate the value of the tax incentives to be taken advantage of.