Tax Basics
What is a tax credit? And why it's worth more than a deductible expense
What a tax credit is, how it differs from a deductible expense, and how the R&D Law's 35% + 65% formula works, with a worked example in Chilean pesos.
Blog Tax credit
Tax Basics
Unused R&D credit: what happens if your company has losses
If your tax bill is smaller than the R&D Law credit, you're left with unused credit. It isn't refunded, but it isn't lost either. How it works and why it mostly affects young companies.