• Title/Summary/Keyword: 조세감면

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Effectiveness of R&D Tax Credit for SMEs (중소기업 R&D 조세지원의 효과성 분석 및 개선방안)

  • Noh, Meansun;Cho, Hosoo;Baek, Chulwoo
    • Journal of Korea Technology Innovation Society
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    • v.21 no.2
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    • pp.663-683
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    • 2018

  • This study aims to analyze the effectiveness of R&D tax credit for SMEs. We surveyed to collect the information on firm's financial statements and R&D tax credit during 2014-2016, and implemented fixed effect model, random effect model and panel negative binomial model. The results show that the effect of R&D tax credit is 5.3 times larger in terms of R&D expenditure and 4.3 times bigger in terms of number of researchers than that of R&D subsidy. In addition, the effect of tax credit on non-metropolitan area companies is higher than that in the metropolitan area. Based on these results, we suggests three ways to improve the R&D tax incentive system for SMEs; To convert unused R&D tax credit of the start-ups to tax points, to exempt the minimum tax rate on R&D expenditure in equipment, and to unify the operation of various R&D tax credit institution.

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