Research and Development Tax Incentive Program

Eligible companies can take advantage of the Research and Development (R&D) Tax Incentive program with a cash refund of up to 43.5% on qualifying* R&D expenditure. The R&D Tax Incentive program provides targeted R&D tax offsets to encourage more companies to engage in research in Australia. The R&D tax incentive has two core components. Companies with an annual turnover of $20 million or less. Companies with an annual turnover of $20 million or more. Unlike similar programs in other countries, there is no requirement for companies in Australia to demonstrate year-on-year growth in their R&D expenditure to claim a tax benefit. It’s also not a requirement for the intellectual property from eligible R&D projects to be held in Australia. Learn more about the Research and Development Tax Incentive program.