Status: Applications are received based on individual company reporting periods.
Companies wishing to make an application for registration for the R&D Tax Concession under section 39J of the IR&D Act 1986 for the income year ending on 31 December 2009 should do so by 31 October 2010.
Companies wishing to make an application for registration for the R&D Tax Concession under section 39J of the IR&D Act 1986 for the income year ending on 30 June 2010 must do so by 30 April 2011.
Electronic applications must be lodge by midnight local time. Hard copy (paper-based) applications must be received by 5.00pm local time.
Description: R&D Tax Concession is a broad-based, market driven tax concession which allows companies to deduct up to 125% of qualifying expenditure incurred on R&D activities when lodging their corporate tax return. A 175% Incremental (Premium) Tax Concession and R&D Tax Offset are also available in certain circumstances.
Contact: Should you have an inquiry about the R&D Tax Concession or the R&D Tax Incentive contact the AusIndustry Hotline on 13 28 46 or email Hotline@AusIndustry.gov.au.