R&D Tax Program

What Is R&D Tax?

The R&D Tax Incentive is the Australian Government’s flagship innovation funding program. Jointly administered by AusIndustry and the Australian Tax Office, it has the potential to deliver tax refunds of up to 45% of a company’s R&D expenditure.

This is a self-assessment program that supports eligible expenditure incurred on eligible activities within R&D projects of eligible companies. The governing legislation is underpinned by the definition of R&D Activities so your R&D must be assessed against this definition.

It is not restricted to laboratory based research but is broad based and designed to support the experimental work of businesses of all sectors that seek to generate the new knowledge required to give themselves a technology based competitive advantage.

Every year, 12,000 companies in Australia self-assess their eligibility for R&D Tax support, registering a total of more than $18 billion annually. R&D Tax  is a valuable, tangible incentive that is massively under subscribed in Australia.

Find out more about R&D Tax at the AusIndustry Website here.