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Accountants & Advisors
The R&D Tax Incentive is a broad-based, market driven program accessible to all industry sectors. It provides a targeted tax offset to encourage more companies to engage in Research and Development.
For FY2018/19 year, available tax offsets based on annual turnover are:
The types of entities eligible for the R&D Tax Incentive are corporations (called ‘R&D entities’) that are:
Generally trusts are not R&D entities. The definition of R&D entities extends to body corporates in the capacity of trustees of public trading trusts, but not to trustees of any other sort of trusts.
Contact Matthews Steer today on 03 9325 6300 to learn more about your eligibility for government business grants, and how our Grants Team can help support your applications.