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R&D Tax Incentive


Our Tax Agents are specialists in preparing and lodging Research and Development (R&D) Tax Incentive Applications with AusIndustry and working with the Australian Tax Office (ATO). At Techwitty, we bring the global knowledge and taxation expertise of the partners that service the Tulla Private Equity Group portfolio companies and we make it available to you on a fixed success fee only with no upfront costs whatsoever. Our fixed fees are designed to ensure that there are no conflicts of interest associated with percentage-based fees where consultants are incentivised to increase your claims at your risk, simply to increase their fees.

The Next Step


Has your company undertaken any form of business research or development? Are you creating new or improved products, processes and/or services? Are you creating solutions to problems for which there is no pre-existing solution? If so, you may qualify for the R&D Tax Incentive of either a 38.5% non-refundable tax offset or a 43.5% refundable tax rebate.

What is the R&D Tax Incentive


The Research & Development Tax Incentive (R&D) is designed to encourage more companies to engage in R&D. It aims to:

  • Boost competitiveness and improve productivity across the Australian economy;
  • Encourage industry to conduct R&D that may not otherwise have been conducted;
  • Provide businesses with more predictable, less complex support; and
  • Improve the incentive for smaller firms to engage in R&D.

You May Be Eligible For


A 43.5% refundable tax offset for eligible entities with an aggregated turnover of less than $20 million per annum, provided they are not controlled by income tax exempt entities. A 38.5% non-refundable tax offset for all other eligible entities.

Administration of the Development (R&D) Tax Incentive Scheme

The Australian Taxation Office (ATO) and AusIndustry administer the R&D tax incentive jointly. The ATO determines if the expenditure you are claiming in your tax return for your R&D activities is eligible.

Admin & Management

AusIndustry manages the registration of your R&D activities and checks that they comply with the law. The department manages the registration of R&D activities, and the ATO manages the rules on eligible entities and costs.

Eligibility


You can only claim an R&D tax offset if you are an R&D entity. You are an R&D entity if you are a corporation that is any of the following:

  1. Incorporated under an Australian law;
  2. Incorporated under a foreign law but an Australian resident for income purposes;
  3. Incorporated under a foreign law and you are both;
  4. A resident of a country with which Australia has a double tax agreement, including a ‘permanent establishment’.

Notional Deductions

The R&D entity must have incurred notional deductions of at least $20,000 on eligible R&D activities during the year of income, in order to qualify for the program.

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