What is the Frascati Manual and why is it relevant in determining eligibility for software companies under the R&D Tax Incentive?

The definition of eligible R&D mirrors the principles of the OECD Frascati manual which is regarded Internationally as setting the benchmark for identifying R&D activities.

Excerpts taken from the manual will assist R&D software companies to better understand when software development qualifies as eligible R&D. To download the excerpts relating to software, click here.