https://blog.novatax.cl/en/tags/smes/Recent content in SMEs on NovaTax BlogHugoen-usTue, 22 Sep 2026 00:00:00 +0000https://blog.novatax.cl/en/pymes-y-ley-id/Tue, 22 Sep 2026 00:00:00 +0000https://blog.novatax.cl/en/pymes-y-ley-id/<p>The international evidence is clear: SMEs are the companies that <strong>respond most</strong> to R&amp;D tax incentives. Yet in Chile they&rsquo;re a minority among users of the <a href="https://blog.novatax.cl/en/ley-id-chile/">R&amp;D Law</a>. Understanding why helps find the way in.</p> <h2 id="smes-respond-more-to-the-incentive">SMEs respond more to the incentive</h2> <p>A University of Chile study (Weber, 2022) pulls together the evidence:</p> <ul> <li>SMEs react <strong>two to three times more</strong> than large companies to changes in the tax incentive.</li> <li>According to the OECD, for every $1 of tax support, small companies generate <strong>$1.40</strong> of additional R&amp;D investment, medium-sized ones $1 and large ones $0.40.</li> </ul> <p>The reason: SMEs find it harder to fund R&amp;D, because they have less collateral, a shorter track record and fewer patents to show investors.</p>