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The R&D Tax Incentive is broad-based, market-driven assistance for all industries. It provides a targeted tax offset to encourage more companies to engage in R&D.

The R&D Tax Incentive helps businesses who have already spent over $20,000 on their research and development, or have conducted their R&D through a Research Service Provider or Co-Operative Research Centre.

It aims to:

  • Boost competitiveness and improve productivity across the Australian economy
  • Encourage industry to conduct R&D
  • Provide business with more predictable, less complex support
  • Improve the incentive for smaller firms to engage in R&D.

Location: Australia

Who Can Apply:

  • Non-Government
  • Education
  • Health
  • Other
  • Businesses

For income years from 1 July 2016, available is:

  • A 43.5% refundable tax offset for companies if they have an annual turnover of less than $20 million. This tax offset is available to companies that are not controlled by tax exempt entities
  • A non-refundable 38.5% tax offset for all other eligible companies.

For income years before 1 July 2016:

  • The refundable offset rate is 45%
  • The non-refundable offset rate is 40%.

22JIG is a specialist consulting agency helping your business access training subsidies and accessible grants. Most businesses don’t know of the available fundings introduced by the Government.