Leveraging the R&D Tax Incentive for your Innovation

CRITERIA - CONSIDERATIONS

Considerations or where does IP ownership reside in your corporate structure…

Eligible Entity

• Structure important – consider R&D grouping, ownership, connected entities and affiliates.

• Eligible entities - an eligible R&D entity must be a company either:

➢

incorporated in Australia

➢ incorporated in another country but be an Australian resident for tax purposes, or ➢ incorporated in a country with which Australia has a double tax agreement, and undertakes R&D activities through a permanent establishment in Australia.

*Trusts are generally not eligible unless they are a public trading trust with a corporate trustee. Sole traders and tax exempt entities are also not eligible.