BeNeLuxBelgiumNetherlandsLuxembourg

New tax heaven for innovation?

19.03.2008

Brussels – The Belgian government is seeking to foster corporate investment in technological innovation with tax breaks. A new law that has come into effect this year will grant patent owners tax exemptions on 80% of their patent income in Belgium. Under the new law, the maximum effective tax rate on patent income for any company that has done R&D in a research centre – either in Belgium or abroad – will be 6.8%. Ivo Onkelinx, a tax partner with the international law firm Linklaters in Brussels, said that the measure was “very straightforward” and will be “especially interesting for start-up companies”. Brent Springeal from Freshfields Bruckhaus Deringer stated that the tax deduction makes Belgium one of the best places to develop and license intellectual property – especially in the life sciences. The new law is applicable not only to income from license patenting, but also to income from the sale of goods produced or services provided by the Belgian company or branch that directly holds the patent used for the production or service.
For instance, a pharma distributor that has developed a new patented production method that enhances the product’s properties and justifies a higher reimbursement price will profit from the tax deduction – even if he does not receive royalties. Indeed, a part of the price of the enhanced product is seen as a royalty paid by the consumer, and is therefore applicable to the new law. However, all patents must be developed by a Belgian company. Inlicensed products must be improved by the Belgian company that claims for the tax deduction.

BeNeLuxBelgiumNetherlandsLuxembourg

29.03.2012

Brussels – Promethera Biosciences has completed a Series B financing round, generating proceeds of €23.6m. The Belgian cell therapy company secured a capital increase of €17m from its new investors, among them the venture arms...

BeNeLuxBelgiumNetherlandsLuxembourg

19.03.2012

Leuven – Biopharmaceutical company ThromboGenics has entered into an agreement with Alcon Inc., a division of Novartis for the commercialisation of its product ocriplasmin in all markets outside the U.S. ThromboGenics said it...

BeNeLuxBelgiumNetherlandsLuxembourg

07.03.2012

Amsterdam Molecular Therapeutics has announced a financial manoeuvre aimed at getting the biotech out of a hopeless situation. The assets and – more importantly – the liabilities of the drug developer will be acquired by a newly...

BeNeLuxBelgiumNetherlandsLuxembourg

20.02.2012

Amsterdam - Amsterdam Molecular Therapeutics has announced a financial manoeuvre which is aimed to get the biotech out of a dead end. The assets and – more importantly – the liabilities of the drug developer will be acquired by...

BeNeLuxBelgiumNetherlandsLuxembourg

10.02.2012

Glasgow/Leuven - With a little help from the EU, two biotech companies are banding together to develop the first stem cell therapy against rheumatoid arthritis. UK-based Sistemic will work with TiGenix to develop the Belgian's...

BeNeLuxBelgiumNetherlandsLuxembourg

25.01.2012

Amsterdam – Two elephants in the biofuels business join forces. Dutch food and chemicals group Royal DSM and POET, LLC, a US-based ethanol producer, announced a plan to build a commercial cellulosic ethanol plant. POET–DSM...

BeNeLuxBelgiumNetherlandsLuxembourg

13.01.2012

Heerlen - Royal DSM N.V will be the industrial partner to the Panoptes consortium, which aims to develop novel drug delivery technology for the posterior eye segment. The four year project is supported by EUR4m in funding from...

BeNeLuxBelgiumNetherlandsLuxembourg

04.01.2012

Leiden - Dutch Pharming Group NV has taken a further step to secure sound financing even beyond the recent milestone payments. The drug developer announced that it has entered into a financing of approximately €8.4 million by...

BeNeLuxBelgiumNetherlandsLuxembourg

16.12.2011

Ghent – Just days after US pharmaceuticals giant Pfizer pulled out of a rheumatoid arthritis pact with Ablynx NV, the Belgian biopharmaceutical company expanded its relationship with Merck Serono. Ablynx has now entered into a...

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