Research & Development (R&D) Tax Incentive 

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Tuesday 20 September 2011

The Research and Development (R&D) Tax Incentive replaces the R&D Tax Concession from 1 July 2011, and officially became law on 8 September 2011. It provides targeted tax offsets to encourage more Australian businesses to engage in R&D activities, and is open to all businesses in all industry sectors.

There are two new components of the program, which aim to provide greater financial benefits for eligible R&D activities. These include:

  • a 45 per cent R&D refundable tax offset to eligible entities with an aggregated turnover of less than $20 million
  • a non-refundable 40 per cent R&D tax offset to all other eligible entities.

The program is jointly administered by the Australian Tax Office (ATO) and AusIndustry.

For more information on eligibility and how to register your R&D activities, as well as fact sheets and application forms, visit the ATO External link website or the AusIndustry External link website, or phone the AusIndustry Hotline on 13 28 46.

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