The R&D credit auditor’s certification is an indispensable condition for taking advantage of the benefit
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1) Accounting certification of the auditor
The auditor’s accounting certification for research and development credit is mainly used to:
- Certify the actual support of eligible expenses for R&D activities
- Check the correspondence of these expenses with the accounting documentation prepared by the company
- Ensure the formal regularity of the documents and contracts relevant for the application of the benefit
- Check the correspondence of expenses with accounting records and budget results
In particular:
- It is a necessary condition for taking advantage of the tax relief
- It must be issued by the person in charge of the statutory audit of the accounts
- It does not require technical assessments on the admissibility of R&D activities
- It should be carried out by checking all documents, not by random sampling
As specified in text of the e-book
“The certification activity must ensure the verification of the formal regularity of the documents and contracts relevant for the purposes of applying the facilitation regulations and their correspondence to the accounting records and financial statement results”
Furthermore:
“the tax credit can be used exclusively as compensation in 3 annual installments of the same amount starting from the tax period following the accrual period and subject to the fulfillment of the certification obligations”
Therefore accounting certification is a fundamental requirement to actually benefit from the R&D tax credit.
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