Status: Applications are received based on individual company reporting periods. Companies who have standard income reporting period 1 July 2008 to 30 June 2009 are required to lodge the 2008-09 Application for Registration of R&D Activities by 30 April 2010. Electronic applications must be lodged 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, please contact the R&D Tax Concession team via the AusIndustry Hotline on 13 28 46 or email Hotline@AusIndustry.gov.au