R&D Tax Concession - Claims
Applications for registration of R&D activities must be lodged with the IRDB within ten months of the end of the
income year.
Registration is a prerequisite for deduction. You must be registered before you make an R&D tax concession claim on your tax return.
Companies choosing to claim the R&D tax offset can only do so when they lodge their return of income, and must be registered at that time.
It is important to note that it is necessary for companies to register with the IRDB for each year that they seek to claim the R&D tax concession.
Eligible companies can make a claim if they have an aggregate R&D amount of greater than $20,000, or have contributed to a registered research agency in the financial year.
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