R&D Tax Incentive
Open for applications.
The R&D Tax Incentive is a targeted, generous and easy to access entitlement program that helps businesses offset some of the costs of doing R&D. The Program aims to help more businesses do R&D and innovate. It is a broad-based entitlement program. This means that it is open to firms of all sizes in all sectors who are conducting eligible R&D. It provides more generous support for businesses, especially small and medium-sized firms, than the R&D Tax Concession that it replaced.
The two core components are:
- a 45 per cent refundable tax offset (equivalent to a 150 per cent deduction) to eligible entities with an aggregated turnover of less than $20 million per annum
- a non-refundable 40 per cent tax offset (equivalent to 133 per cent deduction) to all other eligible entities.
AusIndustry and the Australian Taxation Office are responsible for delivering the R&D Tax Incentive. We work closely together and are available to help you.
Registration under the R&D Tax Incentive
R&D Tax Incentive Registration application deadline for 30 June balancers.
The deadline for lodging an application for registration is 10 months after the end of a company’s income year. This means that companies with a non-standard year of income of 1 July 2012 to 30 June 2013 who wish to apply for the R&D Tax Incentive must lodge their registration application with AusIndustry by 30 April 2014.
Advance/Overseas Finding Application deadline for June balancers
Companies wishing to lodge an application for an Advance or Overseas Finding under the R&D Tax Incentive must do so before the end of the income year in which the activity was conducted. For companies with an income year ending 30 June 2014 the deadline for an Advance/Overseas finding applications is 30 June 2014.
Electronic lodgement of applications is preferred. Applications must be lodged by midnight local time. Instructions for electronic lodgement are contained within the application form. Hard copy (paper-based) applications must be received by 5.00pm local time.
If you encounter problems lodging the form you can email the PDF copy of the form to firstname.lastname@example.org. This will allow the registration team to upload the application for you.
Online Eligibility Tool
Unsure if you are eligible? Try out our interactive tool to help determine if you may be eligible