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Other requirements you should consider

Last updated 8 February 2023

If you are an eligible R&D entity and you want to claim the R&D tax incentive, you should consider the other requirements, including that you:

  • must register your R&D activities every year
  • can notionally deduct expenditure on R&D activities
  • may need to adjust your tax return if   
    • your eligible activities have produced tangible products for supply to someone else, or to be applied to your own use – other than in transforming these products for supply (feedstock adjustment)
    • you are registered for GST
  • must claim your R&D tax offset by lodging a company tax return and R&D tax incentive schedule at the end of your income year
  • must keep adequate records to demonstrate to AusIndustry and to us that you carried out the eligible R&D activities and that you did incur eligible R&D expenditure on those activities
  • must consider any special transitional rules that apply to situations that extend over income years where the R&D tax concession provisions and the R&D tax incentive provisions apply.

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