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R&D and government incentives

Global business tax, R&D and government incentivesMany  countries offer generous grants, credits and incentives in areas such as the digital economy, energy efficiency, environment, globalisation, innovation, sustainability and training. 

More than 30 countries also offer specific research and development (R&D) tax incentives that apply to development activities related to manufacturing process improvements, production trials and software integration issues, in addition to laboratory research. Taking advantage of incentives creates an immediate cash benefit, often reducing effective tax rates and increasing EPS.

A number of Australian and multi-national businesses do remain unaware of the large range of activities that could benefit from additional fiscal assistance by claiming the new Australian R&D tax incentive. For businesses with a group turnover of less than $20 million, such assistance can be in the form of cash refunds, on a quarterly basis from 2014.

The national Deloitte R&D team in Australia have designed a short questionnaire that will assist in determining at a high level whether the details of your business and its activities may qualify for the new Australian R&D tax incentive. If so, your tax bill may be significantly reduced or an early start-up business could benefit from the positive cash-flow implications.

To access the short Australian R&D questionnaire, please click here -
Should R&D be on your RaDar?

Our services include:

Research & Development claims preparation

Identifying eligible R&D activities and preparing robust supporting documentation is often unfamiliar territory, or you may not have the resources to complete the paperwork required to file a claim. Deloitte can assist with the whole process, from scoping through document preparation and submission. Deloitte combines deep tax technical expertise with highly experienced scientists and engineers to help ensure all aspects of an incentive claim are fully understood and considered. We utilise technology based solutions worldwide to ensure a smooth process with increased transparency and compliance with all regulatory changes.

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Government incentives application support

Ensuring that you equitably receive your fair share of the numerous grants, credits and incentives available requires time and effort. The Deloitte team is highly experienced in the practicalities of preparing, negotiating and agreeing such applications including all aspects from initial feasibility reviews to document submission. Deloitte’s knowledge in this specialised area ensures that we understand and evaluate all the nuances and details of specific opportunities and allows you to be confident you have realised your potential benefits for the least amount of time, effort and expense.

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Tax controversy related to R&D or government incentives

R&D claims and Government Incentive applications often receive intense regulatory scrutiny. Deloitte provides assistance in audit resolution as well as support related to claims and information requests or objections from relevant government bodies. This team includes former officials with various regulatory agencies who have an in depth understanding of the regulatory processes for approval. Deloitte delivers an inside out perspective and you can be confident you are receiving sound advice.

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Learn more

  • Federal Budget 2011-12
    The Deloitte Perspective
  • 2011 Tax Forum
    An economic perspective
  • R&D tax offset
    Bill update

More Featured content

  • ExternalURL
  • Compass: Navigating R&D incentives
    Deloitte newsletter | July 2011
  • Research & development reform
    Deloitte alerts | 1 July 2011
  • The carbon pricing mechanism
    Issue paper, July 2011 | 8 pages

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