This calculator helps you calculate your research and development (R&D) tax offset claim.
The research and development (R&D) tax incentive provides a targeted tax offset to encourage certain companies (R&D entities) to conduct R&D activities that benefit Australia.
It provides generous benefits for companies performing eligible R&D activities and has the following two core components:
To claim the R&D tax offset each year, you must complete the Research and development tax incentive schedule and a company tax return.
Before using the calculator, make sure you have worked out:
Attach your completed R&D tax incentive schedule to your company tax return, ensuring you transfer all amounts to the company tax return (as directed on the R&D tax incentive schedule).
Click here for more information on the R&D tax incentive calculator 2014.