Accounting

Research and Development Tax Incentive

The Research and development (R&D) tax incentive encourages companies to engage in R&D benefiting Australia, by providing a tax offset for eligible R&D activities. It has two core components: o    a refundable tax offset for certain eligible entities whose aggregated turnover is less than $20 million o    a non-refundable tax offset for all other eligible entities. The R&D …

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