Research & Development Tax Incentive
Find out if you're eligible now!
Who can claim?
- You can claim if you are a body corporate that is incorporated under Australian Law
- You are a foreign company that is a resident in Australia
- You are a foreign company with a permanent establishment in Australia
What can you claim?
- R&D is about generating new knowledge through experimental development
- Including core & supporting R&D activities
- Eligible expenditure includes salary/wages, contractor costs, trial expenditure, direct expenditure such as raw materials, and depreciation on plant and equipment
What is the benefit?
- A 43.5% refundable cash rebate with an annual turnover of less than $20 million
- A 38.5% non-refundable tax offset with an annual turnover equal to or greater than $20 million
Enquire Here
Or call us now on 1300 462 238, our experts will navigate you through the eligibility and application process.
![Is there an application lodgement deadline? Is there an application lodgement deadline?](/media/1075/01-4x.png)
Yes, the application must be lodged on or before 10 months after year end. Lodgement and registration is an annual requirement.
![How is the R&D tax incentive claimed? How is the R&D tax incentive claimed?](/media/1076/02-4x.png)
The R&D Tax incentive is claimed through the company income tax return or via amended assessment.
![What is an eligible R&D entity? What is an eligible R&D entity?](/media/1077/03-4x.png)
An eligible entity is normally a company incorporated in Australia. Trusts are not eligible R&D entities (unless it is a public trading trust).
![Can a company “cash out” the R&D benefit? Can a company “cash out” the R&D benefit?](/media/1078/04-4x.png)
Companies with turnover less than $20 million that are in tax losses can convert the 43.5% tax benefit to a cash rebate. Companies with a turnover of more than $20 million can claim the tax incentive as a tax credit (if in tax losses the tax credit is carried forward).