Research and Development Tax Incentive (R&DTI)
Overview
A legislated tax offset program that supports companies to invest in eligible research and development by offsetting some of the associated costs. The program provides refundable or non-refundable tax offsets based on company turnover and R&D expenditure proportions, with offsets up to $150 million.
Eligibility Requirements
Open to all industry sectors and company sizes. Applicants must meet the definition of an R&D entity and conduct eligible R&D activities. Companies with turnover under $20 million receive refundable offsets (corporate tax rate + 18.5% premium), while larger companies receive non-refundable offsets with variable premiums based on R&D expenditure proportion.
Who Can Apply
Relevant Industries
How to Apply
Applications are submitted through the official government portal. Review the eligibility criteria carefully before applying, and ensure all supporting documents are prepared.
Visit the official application page