R&D Tax Incentive
Claim a refundable R&D tax offset of 43.5% (companies with aggregated turnover under $20 million) on eligible R&D expenditure. Companies with turnover of $20 million or more receive a non-refundable offset based on R&D intensity: their company tax rate plus an 8.5% premium for expenditure up to 2% R&D intensity, and plus a 16.5% premium above that. One of the more generous R&D incentives available.
Official source
business.gov.auRelated topics
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