Creation of a collaborative research tax credit

Article 69 of the 2022 Finance Act creates a tax credit (Article 244 quater B bis of the General Tax Code) for expenses invoiced by approved research and knowledge-dissemination organisations under collaboration contracts with businesses. The rate is 40%, raised to 50% for SMEs, up to €6m of expenses per year. The contract must provide for sharing of risks and results and the organisation's right to publish. The credit applies to contracts concluded from 1 January 2022 to 31 December 2025.