The objective of this initiative is to encourage researchers to exploit intellectual property through the licensing of patented knowledge. The scheme should also encourage investment in research and knowledge creation and exploitation of intellectual property.
The incentive gives fiscal benefits to persons (individuals and enterprises) that own the rights to patented intellectual property and are receiving income in the form of royalties.
Enabling Legislation |
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EXEMPTION ON ROYALTIES DERIVED FROM PATENTS (S.L.123.117) |