R&D Tax Incentive
The R&D Tax Incentive is available to Australian based companies in any industry sector. If your research and development activities carry financial risk associated with technical risk you are probably eligible to receive a benefit.
Eligibility under the scheme is designed to allow benefits to be accessed by all industry sectors. Don’t be fooled into thinking that R&D is restricted to pure scientific invention. If you are undertaking experimental activities for the purpose of generating new knowledge, it makes no difference if you’re working in a factory, office, laboratory or out of your garage as you may qualify for a tax offset.