What is R&D Tax Incentive?
The R&D Tax Incentive allows Australian businesses that undertake research and development to be refunded 43.5% of the R&D spend.
You Might Be Eligible!
The definition of R&D is broad in order to support as many different businesses and industry sectors. If your company is undertaking the following activities
- developing new knowledge in the form of new or improved materials, products, devices, processes or services; and
- seeking to resolve technical challenges in order to develop this knowledge and the answer is not identifiable based on currently available knowledge, and
- undertaking experimental activities to bridge this knowledge gap and resolve these technical challenges.