Leveraging the R&D Tax Incentive for your Innovation

CRITERIA – THE BENEFIT

If your grouped turnover is less that $20m, you can claim:

43.5% per $1 spent

Potential refundable benefit in a tax loss position

43.5% Refundable R&D Tax Credit

Up to 16c per $1 spent

Potential benefit in a tax payable position

If your grouped turnover is $20m or more, you can claim:

8.5c per $1 spent

Potential benefit to reduce tax payable or carry forward as tax offset

38.5% Non-refundable R&D Tax Credit