Home » Are You Eligible for Australia’s R&D Tax Incentive Claim?

Are You Eligible for Australia’s R&D Tax Incentive Claim?

Eligibility Wizard

STEP 1 OF 2

  • Questions marked with an* are required

    Welcome to our step-by-step wizard to help you check your eligibility for the new R&D Tax Incentive.

    In Australia, from 1 July 2021 (FY22), the R&D Tax Incentive provides:

    • For companies with group turnover less than $20 million per annum, a 18.5% refundable tax offset above corporate tax rate; and
    • For companies with group turnover greater than $20 million per annum, a 8.5% OR 16.5% non-refundable tax offset above corporate tax rate for R&D expenditure up to and above 2% of total business expenditure respectively.

    If you are eligible you will have until 30 April to apply for your R&D Tax Offset.

    Note: This Wizard is intended as a quick guide and should not be used as a substitute for professional advice. Please contact Swanson Reed for professional advice tailored to your requirements.

     

  • This field is for validation purposes and should be left unchanged.