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ATO Guidance Update: Claiming the R&D tax incentive this tax time

August 22nd, 2023

The ATO has circulated a guidance update on August 17 2023 titled “Claiming the R&D tax incentive this tax time”. The ATO guidance update outlines key factors for claimants to consider, including:

  • review of technical eligibility
  • using the instructions for the 2023 schedule
  • use of the ATO R&D calculator to help calculate your R&D tax incentive claim.
  • direction around how offset rates are different depending on a company’s aggregated turnover and R&D intensity
  • that R&D activities conducted overseas must be covered by an Overseas Finding
  • that there are general anti-avoidance rules in Part IVA to cancel the R&D tax offsets obtained in connection with a scheme
  • that a company must register each of their R&D activities with AusIndustry through the R&D Tax Incentive customer portal before a claim can be lodged with the ATO

Find out more about ATO guidance and materials.

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