The Research and Development Tax Incentive (R&D) is a government programme that aims to stimulate Australian investment in R&D.
[1] The tax incentive is jointly administered by Industry Innovation and Science Australia (IISA) and the Australian Taxation Office (ATO).
[1] The Research and Development (R&D) Tax Incentive aims to stimulate Australian investment in R&D.
[2] These expenditures apply to the eligibility to a notional R&D deduction to the extent that: Companies with an aggregated turnover below $20 million are eligible for a refundable tax offset of 43.5% and those with a turnover above $20 million for a non-refundable tax offset of 38.5%.
Some examples of apportionment methodologies include:[7] Australia's top tier public policy group on the R&D Tax Incentive is the RDTI roundtable.
Core members include, Department of Industry, Innovation and Science, ATO, Deloitte, EY, KPMG, Swanson Reed, Chartered Accountants Australia and New Zealand, Australian Information Industry Association, Boeing, CSL and BDO.