Five benefits guaranteed by the Lei do Bem

Expert talks about the importance of RD&I companies to align themselves with the prerequisites required by the government and benefit from tax incentives

Innovation is not just the word of the moment, but a real need for companies that need to remain competitive and in line with the changes demanded by the market. According Rodrigo Miranda, director of operations at the consultancy GAC Brazil, organizations innovate from services, products, processes and production to organizational structures, management systems and business models. But what has drawn a lot of attention is the tax incentive provided by the law of good to stimulate technological development and increase the competitiveness of national industry.

Brazil ranks 57th out of 132 nations included in the Global Innovation Index (GII) – which ranks world economies according to their innovation capabilities based on criteria that include institutions, human capital and research, infrastructure, credit, investment , links, creation, absorption and diffusion of knowledge and creative products. In Miranda's opinion, the country has been slowly improving its innovative capacity, largely because it is unaware of everything that involves the innovation process, including the Lei do Bem (11,196).

“This Law was created in 2005 and offers tax reduction mechanisms for companies in this country to invest in research and development (R&D), both directly and outsourced. The main mechanism consists of the possibility of reducing all investments made in these activities from the income tax calculation basis, as they are classified as operating expenses”, explains the executive.

However, in order to meet the prerequisites of the Lei do Bem, certain parameters must be met, since it only supports innovations in products, processes and services from a technological point of view, not being considered organizational, commercial and marketing innovations, for example. “On the other hand, a company that is developing something new for a sector, for the national or international market, as long as it is executing in Brazil, can have the activities of technological research and development of technological innovation covered by this tax benefit”, he says. Miranda.

Below, the consultant points out FIVE main benefits guaranteed by the Lei do Bem:

  1. Deduction of R&D expenses from the Corporate Income Tax (IRPJ) and from the Social Contribution on Net Income (CSLL);
  2. Deduction of 50% in the Tax on Industrialized Products (IPI) on the purchase of machinery and equipment intended for R&D;
  3. Full accelerated depreciation in the same year of the acquisition of new machines, equipment, appliances and instruments intended for innovation;
  4. Possibility of increasing investment in new technologies and in the development of new products and services;
  5. Greater competitiveness in the market, with growth through innovation generation and status of innovative company by the Ministry of Science, Technology and Innovations (MCTI).

Sources:

Rodrigo Miranda, director of operations at GAC Brazil

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About GAC Brazil

THE GAC Brazil is an international consultancy specializing in strategic management and fostering innovation, which integrates the GAC Group (Global Approach Consulting Group) – based in France and also present in Germany, Canada, Romania and Singapore. In Brazil, it has units in São Paulo, Rio de Janeiro and Porto Alegre, although it has been operating throughout the country since 2011.

The consultancy operates in a context of constant acceleration and challenges, helping project leaders, companies of all sizes, public organizations and the entire ecosystem to find and develop innovative and efficient solutions with a positive, inclusive and sustainable impact.

According to operations director Rodrigo Miranda, nowadays the amount invested in R&D does not translate into superior economic and financial performance by most companies. It is essential to align your innovation capabilities and skills with your business strategy. That's why the GAC Group's signature is “innovation and performance with impact”.

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