If your company is an R&D entity and you want to claim an R&D tax offset in your company's income tax return, you must first register your R&D activities with AusIndustry (who act on behalf of Innovation Australia). You must register your R&D activities:
- for every income year you want to claim the offset
- within 10 months of the end of your company's income year
- prior to claiming the R&D tax offset in your company income tax return.
Although the R&D tax incentive replaced the R&D tax concession for activities and expenditure in income years beginning on or after 1 July 2011, the R&D tax concession still applies to activities and expenditure in income years that commenced before 1 July 2011.
Research Service Providers (RSPs) must also register annually with AusIndustry.
More information about registering, including requesting an advance finding, and the special arrangements for registering R&D activities performed by members of consolidated groups, can be found on AusIndustry's websiteExternal Link.
You must register your R&D activities each year with AusIndustry prior to making a claim for the R&D tax incentive in your company's tax return.