The Research and Development Tax Incentive is a broadbased, market-driven program that aims to boost company competitiveness, improve productivity and deliver economy-wide benefits to Australia. It provides generous benefits for eligible activities in innovation, research and development.
If your company made less than $20 million this financial year it will be eligible for a 43.5% refundable tax offset.
If your company made more than $20 million this financial year it will be eligible for a non-refundable 38.5% tax offset.
We prepare over 100 claims per year so we'll ensure that your claim is not only compliant but comprehensive. With our handy template you'll have a submission in no time.
Your company must be incorporated under Australia law, though some exceptions apply. Download our info-sheet for more details on foreign-registered companies.
Companies that have spent at least $20,000 on research and development can apply, however there are some exceptions to this rule. Download our info-sheet for more details.