The Research and Development Tax Incentive (R&D Tax Incentive or R&DTI) helps companies innovate and grow by offsetting some of the costs of eligible research and development (R&D). It's paid as a refundable tax credit in a company's annual income tax return.

Eligible Activities

Expenditure on both core R&D activities as well as support R&D activities are elible for the incentive.

Core R&D activities are systematic, scientific, experimental activities which proceed from hypothesis to experiment, observation and evaluation. They are carried out with the goal of generating new knowledge.

Supporting R&D activities are directly related to core R&D activities or that have been undertaken for the dominant purpose of supporting core R&D activities.

How to Claim

There's a number of steps involved in claiming the R&D Tax Incentive, namely

1. Checking your eligibility
2. Registering your activity with AusIndustry
3. Including the claim in your company tax return

How We Can Help

We can help you to assess your entity against the eligibility and turnover rules. We can also include your claim (once approved) in your company tax return. We can also offer some assistance with the Ausindustry registration, though most of this will be completed by you as it needs to detail the technical scientific aspects of your activity.

Get More Information

If you're interested in finding out more about the R&D Tax Incentive, or you're ready to make a claim, fill in the form below and we'll get in touch with a proposal.