• Part E - R&D tax offset calculation

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    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    The R&D tax incentive provides a targeted tax offset to encourage certain companies (R&D entities) to conduct R&D activities that benefit Australia and has the following two core components:

    • a 45% refundable tax offset for eligible entities with an aggregated turnover of less than $20 million, unless they are controlled by tax exempt entities
    • a 40% non-refundable tax offset for all other eligible entities.

    Part E of these instructions will assist you in working out which offset you are entitled to and the amount of R&D tax offset you will be able to claim at item 22 of the Company tax return 2012.

    Last modified: 21 Dec 2012QC 26005