About who must complete the R&D schedule
You must complete and lodge a Research and development incentive schedule 2025 if you make a claim at item 21 Non-refundable R&D tax offset – label A or item 21 Refundable R&D tax offset – label U in your Company tax return 2025 for an R&D tax offset under the R&D tax incentive, Division 355 of the Income Tax Assessment Act 1997 (ITAA 1997).
If you have additional assessable income in relation to a clawback amount covered by Part B of this schedule, but are not claiming a tax offset under the R&D tax incentive in this year of income:
- you don't need to complete the Research and development tax incentive schedule 2025
- you need to work out the clawback amount and include it at item 21 Clawback amounts – additional assessable income – label W and at item 7 Other assessable income – label B in the Company tax return 2025 (see Part B for information about how you work out your clawback amount).
If you have a deductible balancing adjustment amount covered by Part B of this schedule, but are not claiming a tax offset under the R&D tax incentive in this year of income:
- you don't need to complete the Research and development incentive schedule 2025
- you need to work out the catch up deduction for the deductible balancing adjustment and include it at item 21 Balancing adjustments – catch up deduction – label X and at item 7 Other deductible expenses – label X in the Company tax return 2025 (see Part B for information to work out your deductible balancing adjustment).
Publishing R&D expenditure
We are required to publish a company’s claimed R&D expenditure 2 years after the end of the income year. We published the first data report in early October 2024 and we'll continue to publish it annually. For more information, see R&D tax incentive transparency reports.
Continue to: Who can claim the R&D tax incentive?