The AusIndustry R&D Tax Incentive Program provides targeted research and development (R&D) tax offsets designed to encourage more companies to engage in R&D.

The R&D Tax Incentive is a targeted, generous and easy to access entitlement program that helps businesses offset some of the costs of doing R&D. The Program aims to help more businesses do R&D and innovate. It is a broad-based entitlement program. This means that it is open to firms of all sizes in all sectors who are conducting eligible R&D. It provides more generous support for businesses, especially small and medium-sized firms, than the R&D Tax Concession that it replaced.

The two core components are:

  • A 45 per cent refundable tax offset (equivalent to a 150 per cent deduction) to eligible entities with an aggregated turnover of less than $20 million per annum
  • A non-refundable 40 per cent tax offset (equivalent to 133 per cent deduction) to all other eligible entities.

AusIndustry and the Australian Taxation Office are responsible for delivering the R&D Tax Incentive. We work closely together and are available to help you.

For more information available on the AusIndustry website including eligibility, click here.  



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