Research & Development

The Research & Development Tax Incentive (R&DTI) offers a generous incentive to those businesses that are conducting activities for the purpose of generating new knowledge that will ultimately benefit the Australian economy.

Subject to the turnover of the company, the incentive may offer a refundable or non-refundable tax offset for those activities that are being conducted for the purpose of generating new knowledge and whose outcome could not have been determined or known in advance.

The R&DTI is a targeted incentive that rewards innovation and experimental activities. There is a minimum spend of $20,000 (unless you use a Research Service Provider) and maximum of $150M, however you are able to claim a wide variety of expenditure including salary and wages, superannuation, direct costs, and overheads.