R&D TAX INCENTIVE SCHEME

R&D TAX INCENTIVE SCHEME

On 1 July 2012 the Government introduced the R&D Tax Incentive which provides more generous support for businesses than the R&D Tax Concession that was replaced. Under this new legislation, more businesses are eligible to claim generous support that is aimed at increasing innovation and creativity within Australian companies.

The two main elements of the legislation include:

  • A 45% refundable tax offset to eligible entities with an aggregated turnover of less than $20 million per annum.
  • A non-refundable 40% tax offset to all other eligible entities.

The team at Dixon and Doshi is ready to discuss with you about the possibility of a R & D claim for your business. Call or make an appointment to find out more on this.

Our Promise

We at Dixon and Doshi are always in search of new and creative solutions for our client's according needs and effective accounting procedures.

ABOUT

incorporating Accounting, Taxation and Business Advisory services to small and large corporations

Read More→

RECENT POSTS

CONTACT INFO

Office:

St Kilda Towers - Suite 1104, 1 Queens
Rd. Melbourne, Vic 3004

Phone:

Email:

f

SIGN UP FOR OUR NEWSLETTER