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Accounting for the R&D tax offset

Clarity in financial reporting

Exploring the financial reporting implications of the revised research and development (R&D) tax offset applying from 1 July 2021


A revised R&D tax offset regime, also known as the R&D Tax Incentive (RDTI), has taken effect for income years commencing on or after 1 July 2021.

This Clarity in financial reporting publication:

  • Explains how the revised R&D tax offset works in practice
  • Explores how the R&D tax offset should be accounted for, including the accounting policy options and general practice, deferred tax effects, presentation and disclosure considerations and other matters
  • Outlines the accounting impacts of the new ‘clawback’ mechanism
  • Provides examples of accounting for the R&D tax offset using various accounting policies, both for refundable and non-refundable R&D tax offsets.

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