Australia boasts a thriving research community across a range of industries, working closely with government agencies and higher education institutions. Facilities and personnel are world class.
Another reason for foreign companies to consider Australia as a location for R&D expansion is the tax incentives on offer: The R&D Tax Incentive is a program designed to encourage companies to conduct eligible R&D activities in Australia. The R&D Tax Incentive is jointly administered by the Australian Tax Office (ATO) and the Department of Industry, Science, Energy and Resources (AusIndustry).
You must register your R&D activities with AusIndustry before you claim the refund. AusIndustry is responsible for determining the eligibility of R&D activities, and the ATO will determine if the expenditure claimed in your tax return for your R&D activities is eligible for the refund. Making the applications and maximising the benefits is at the core of Acclime’s R&D Advisory service.
Get the guidance you need in all aspects of establishing an R&D operation in Australia from Acclime’s experts in a way that works towards forming a long-term partnership.
Our team will work to help you maximise the benefits from government support through incentives, and keep you fully informed of what’s on offer and how it might evolve.
By maintaining a relationship with Acclime you can be sure we will help you navigate through the complicated regulatory system to keep your R&D operation moving forward.
Not only will we maintain regular reporting to you, but we will also proactively maintain the relationship between your company and AusIndustry.
We prepare, file and follow up with all the submissions for claiming tax deductions based on your approved R&D activities.