Software development sector guide for the R&D Tax Incentive

Are you eligible for the R&D Tax Incentive?

Every successful business project often begins with a fundamental technical uncertainty—a question whose answer is not known or determined in advance based on current global knowledge or experience. If your business is undertaking this type of experimental activity to generate new knowledge, you may be eligible for the Research and Development Tax Incentive (R&DTI).

This government program is designed to encourage Australian businesses to invest in R&D, offering a refundable or non-refundable tax offset depending on your annual turnover, which can significantly reduce the cost of your most challenging, innovative projects.

In some cases, Silvertine may be able to support with these types of projects.

This article was generated with AI