From 1st July 2011, the Australian Government’s R&D Tax Incentive replaced the previous R&D Tax Concession.
The two components of the program are:
The R&D Tax Incentive is jointly administered by AusIndustry (on behalf of Innovation Australia) and the Australian Taxation Office (ATO).
MJA can help you obtain optimal benefits from the new R&D Tax Incentive, and satisfy the associated compliance requirements.
For example, we can work with you to:
Contact us to find out more about the potential for your company to benefit from the R&D Tax Incentive, and how MJA can help you.
In general, the R&D Tax Incentive is a self-assessment program. Companies are required to determine whether they are eligible, how much they can claim, and what is required to defend their claim in case of an audit.
But where eligibility is not clear cut, you can apply for an Advance or Overseas Finding prior to registering the activity:
These findings provide certainty as they are binding on both Innovation Australia and the ATO.
Contact MJA for help with: