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R&D Tax Incentive

1 - R&D Tax ConcessionThe research and development tax incentive is an ongoing scheme designed to increase the level of research and development being conducted by Australian companies.

The two key components of the incentive are:

  • A 45% refundable R&D tax offset for businesses with turnover of less than $20million; and

  • A 40% non-refundable R&D tax offset for all other businesses, with the ability to carry forward unused offset amounts to reduce future tax liabilities.

Services MPR Provide

We work with some of Australia's companies developing leading edge technology and venture capital providers in the areas of:

  • Assessing your eligibility
  • Review and advice in relation to your R&D plan
  • Preparation of detailed calculations to support the R&D costs
  • Preparation and lodgement of the AusIndustry R&D tax concession application
  • Preparation of the ATO R&D tax concession schedule required to be lodged with the company’s annual income tax return.