R&D Tax Incentive At a Glance

Is your business innovative and looking to grow?
If your business is doing research and development then the Australian Government’s R&D Tax Incentive may help offset some of the costs.

Provides a tax offset for some of a company’s cost of doing eligible research and development (R&D) activities by reducing a company’s income tax liability. Tax offsets of 43.5% or 38.5% are available for costs incurred on eligible activities depending on a company’s annual aggregated turnover. The 43.5% benefit is a refundable offset.

To find out more talk to us.

The Research and Development Tax Incentive:

  • gives you more capital to fund development;
  • is easy to access; and
  • is open to eligible businesses in all industry sectors.

Why would you do R&D?

Businesses need to innovate to stay competitive, or to create new markets and opportunities.

Research and development is:
• developing new products and services;
• improving business processes; and
• solving problems and improve efficiency.

What does the R&D Tax Incentive offer?

A generous tax offset for eligible small and large businesses.
• A 43.5 per cent refundable tax offset for most small to medium companies with an annual turnover of less than $20 million per annum.  If your company has a low income (or no income) it will likely get a cash refund.
• A 38.5 per cent non-refundable tax offset to other eligible businesses.

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