• Step 4 – Work out which tax offset you can claim

    The following table will help you work out which tax offset you can claim.

    If...

    Then...

    Both of the following apply:

    • you are not controlled by one or more exempt entities
    • your aggregated turnover is less than $20 million

     

    You can claim the 43.5% refundable tax offset

    One or more of the following apply:

    • you are controlled by one or more exempt entities
    • your aggregated turnover is $20 million or more

     

    You can claim the 38.5% non- refundable tax offset

    The rate of the R&D tax offset is reduced to the company tax rate for that portion of an entity’s eligible notional R&D deductions that exceed $100 million for an income year (applicable to income years starting on or after 1 July 2014 and before 1 July 2024).

    Next step:

     

    Last modified: 25 Oct 2016QC 24605