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R&D Tax Incentive Fact Sheet

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Fact Sheet: R&D Tax Incentive

What is the Research & Development Tax Incentive?

The R&D Tax Incentive is the Australian Government’s principal measure to encourage industry investment in R&D. It is a broad based, market-driven program that aims to boost company competitiveness, improve productivity and deliver economy-wide benefits to Australia.
The R&D Tax Incentive is jointly administered by AusIndustry (on behalf of Innovation Australia) and the Australian Taxation Office (ATO). Innovation Australia and AusIndustry are responsible for registration of activities and for determining whether activities comply with the scheme requirements. The ATO determines if the expenditure claimed in your tax return for your R&D activities is eligible.
The R&D Tax Incentive operates on a self assessment basis. Claimants are responsible for ensuring they meet the key eligibility criteria of the program in relation to registered R&D activities and related expenditure.
RADBE Consulting has worked with numerous clients in accessing the R&D tax incentive and has a well developed methodology to assist clients at all stages of the claim process.

Can you apply?

All companies that fall into the following categories can claim the R&D Tax Incentive: The Company is incorporated under an Australian Law, or The Company is incorporated under foreign law but is an Australian Resident for income purposes, or The Company is incorporated under a foreign law and is a resident of a country with which Australia has a double tax agreement, including a definition of ‘permanent establishment’, and is carrying on business in Australia through permanent establishment as defined in the double tax agreement.

What will you get?
The key elements of the R&D Tax Incentive Program are: A 43.5 percent tax offset for eligible companies with an aggregated turnover of less than $20 million per annum; or A non-refundable 38.5 percent tax offset for all other eligible companies.

What can you claim?

Your claim can include qualifying R&D expenditure directly incurred in undertaking R&D activities and the portion of overheads that support R&D. For more information on what is qualifying expenditure, please contact RADBE Consulting who will assist you further.

How quickly do I need to act?

The R&D Tax Incentive must be registered with AusIndustry annually within 10 months after the end of the Company’s income year in which the activities are conducted.

The R&D Tax Incentive for the 2017 financial year is required to be lodged with AusIndustry by 30 April 2018.

How can RADBE Consulting assist?

RADBE Consulting is able to provide your business with the following services in relation to the R&D Tax Incentive: Assess your eligibility; Provide information and guidance on the claim process; Prepare the necessary documentation to submit a claim; Outline the documentary evidence that needs to be retained to substantiate the claims; Act as a point of contact by liaising with the ATO and AusIndustry staff; Provide assistance through any audit process; and Provide ongoing business, strategic and technical advice as and when required.

How do I get the ball rolling?

If you would like to find out more about the R&D Tax Incentive or other government grants and incentives that you may be eligible for, contact RADBE Consulting on 07 3216 6242 or email to

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