In 2023, Colombia led with a 71.0% implied tax subsidy rate for R&D expenditures in profitable SMEs, followed by Iceland and Portugal with lower rates. Key observations include a significant increase in Colombia's rate by 13.92%, while Greece also experienced notable growth at 21.06%. Conversely, the United States recorded a decrease of 12.94%. The last two-year trends show stability in most countries, except for some downward movements in countries like France and Hungary. Over the previous five years, sustainable growth patterns were observed, particularly in developing countries.
Future trends to watch include potential policy changes in emerging economies which could further influence the competitive dynamics of R&D taxation subsidies. Additionally, closer monitoring of geopolitical factors and their impact on tax policies will be crucial in understanding shifts among leading countries.
Top countries in Implied Tax Subsidy Rates on R&D Expenditures for Profitable SMEs by Country
| # | 10 Countries | Indexes | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Colombia | 0.71 | 2022 | +5.97% | +13.92% | View data |
| 2 | 2 Iceland | 0.42 | 2022 | 0% | View data | |
| 3 | 3 Portugal | 0.39 | 2022 | 0% | View data | |
| 4 | 4 Poland | 0.36 | 2022 | +63.64% | View data | |
| 5 | 5 France | 0.36 | 2022 | -2.7% | -3.49% | View data |
| 6 | 6 Spain | 0.33 | 2022 | 0% | 0% | View data |
| 7 | 7 Chile | 0.32 | 2022 | 0% | View data | |
| 8 | 8 Netherlands | 0.31 | 2022 | -20.51% | 0% | View data |
| 9 | 9 Canada | 0.31 | 2022 | 0% | 0% | View data |
| 10 | 10 Slovakia | 0.28 | 2022 | -49.09% | View data |
