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. It has two core components:
- a refundable tax offset for certain eligible entities whose aggregated turnover is less than $20 million
- a non-refundable tax offset for all other eligible entities.
The R&D Tax Incentive is the Government’s flagship program for assisting companies to undertake R&D activities. It is co-administered by AusIndustry and the Australian Taxation Office and provides either a refundable or non-refundable tax offset.
This session is designed to provide an understanding of the R&D Tax Incentive - who can claim the R&D Tax Incentive offset, what R&D activities and associated expenditure (R&D deduction) can be claimed, the critical dates for registering and claiming the R&D Tax Incentive offset. Hear from AusIndustry (R&D activities) and the Australian Taxation Office (R&D expenditure) representatives who will explain the program and also hear their do’s and don’ts of the program.
Presenters: Brett Challans, Innovations Tax and Trish Ivar, AusIndustry