Development Tax Incentive
15% tax credit available for eligible R&D
minimum eligible R&D expenditure of $50,000 a year
The R&D tax incentive operates as a tax credit, incentivizing
businesses and individuals who perform R&D activities.
Key features include:
Eligibility for the
R&D Tax Incentive
The tax incentive reduces company R&D
costs by offering tax offsets for el igible
El igible companies with a turnover of
less than $20 mil l ion receive a
refundable tax offset, al lowing the
benefit to be paid as a cash refund if
they are in a tax loss posit ion. Al l other
eligible companies receive a non-
refundable tax offset to help reduce the
tax they pay.
What is the R&D Tax
Eligible expenditure incurred on R&D
Depreciation on assets used in R&D
activit ies ( i .e. in-house software,
physical assets) .
Balancing adjustments on the above.
Essential ly , a company is entit led to the
offset calculated on the total of the
Talk To Us