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AusIndustry Changes to Advance and Overseas Finding R&D Application Forms

Companies seeking to claim expenditure for overseas activity incurred by an Australian company under the R&D Tax Incentive must apply separately to claim these costs by first lodging an Overseas Finding Application with AusIndustry.

Also, companies seeking AusIndustry’s view on eligibility of activities can lodge an Advance Finding Application with AusIndustry.

Ausindustry have announced this week that an updated version of the Advance and Overseas Finding (AOF) form is now available through the R&D Tax Incentive customer portal. All  applicants are now required to use this form if you wish to apply for an Advance or Overseas Finding.

Overseas Finding Applications have historically been known for requiring a lot of information and supporting evidence, and can be very time consuming to collate.

AusIndustry has however sought to streamline processes in recent years, and we have anecdotally noted that Overseas Findings Applications lodged in the FY22 and FY23 periods seemed to be processed fairly efficiently when compared with processing of findings in prior years.