The Research and Development (R&D) Tax Incentive provides a tax offset for Australian company’s eligible costs of doing eligible R&D activities by reducing a company’s income tax liability. Tax offsets of 43.5% or 38.5% are available for costs incurred on eligible activities depending on a company’s annual aggregated turnover. The 43.5% benefit is a refundable offset.

Action is required now as the deadline for companies seeking to register R&D activities conducted during the year ended 30 June 2017 is fast approaching being the 30th of April.

Who can apply?
At a minimum, applicants must:

  • Be an incorporated Australian company
  • Be conducting eligible core R&D activities. These are defined in the legislation as being experiments that are guided by hypotheses and conducted for the purpose of generating new knowledge
  • Have incurred eligible R&D expenditure or notional deductions of at least $20,000 (unless using a Research Service Provider or a Cooperative Research Centre).

The Research and development (R&D) tax incentive encourages companies to engage in R&D benefiting Australia, by providing a tax offset for eligible R&D activities.

If you need help identifying whether your core R&D activities are eligible for the tax offset or want to make sure you are taking full advantage of this opportunity, give us a call. Our team of expert accountants and advisors can help you through the process and make sure you get it done by the deadline.

If you have any queries, please contact our office on 07 3226 1800 or email us at