[mppm]

Elsewhere in the world (under IFRS accounting rules) capitalization of R&D costs has been a firm requirement for a while. The US has been somewhat unique in allowing them to be expensed instead, until recently.

[svara]

Taxes are calculated according to tax accounting rules, not IFRS, though?

I know of at least two Western European countries where you don't have to do that. Don't worry, we pay enough taxes either way ;)

[mppm]

Yeah, seems I was wrong about that. Apparently most IFRS countries allow expensing R&D for tax purposes, regardless of accounting. Many even have an R&D superdeduction nowadays.

Sorry for the noise :(

[bravesoul2]

I was confused and has to double check. In Australia you can deduct them https://www.ato.gov.au/businesses-and-organisations/income-d...

[anticensor]

Some countries have uniform accounting where the tax accounting rules closely follow IFRS.