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The R&D Tax Incentive must be registered with AusIndustry annually within 10 months after the company’s income year in which the activities are conducted.

WHAT IS A RESEARCH & DEVELOPMENT TAX INCENTIVE?

The Research and Development (R&D) Tax Incentive is a joint initiative of the Australian Taxation Office (ATO) and AusIndustry designed to encourage industry investment in R&D. It is a broad-based, non-industry specific, market-driven program that aims to boost company competitiveness, improve productivity and deliver economy-wide benefits to Australia.

The scheme provides:

  • a refundable 43.5 percent tax offset for eligible companies with an aggregated turnover of less than $20 million per annum
  • a non-refundable 38.5 percent tax offset for all other eligible companies.

The R&D Tax Incentive must be registered with AusIndustry annually within 10 months after the company’s income year in which the activities are conducted.

The Research and Development (R&D) Tax Incentive is a joint initiative of the Australian Taxation Office (ATO) and AusIndustry designed to encourage industry investment in R&D. It is a broad-based, non-industry specific, market-driven program that aims to boost company competitiveness, improve productivity and deliver economy-wide benefits to Australia.