Spotlight on Australia: Life and Health Sciences

Australia's R&D Tax Incentive Australia's R&D Tax Incentive aims to: . boost competitiveness and improve productivity across the Australian economy encourage industry to conduct R&D provide business with more predictable, less complex support improve the incentive for smaller firms. to engage in R&D A 43.5% refundable tax offset for eligible entities with an aggregated turnover of less than $20 million per annum. A 38.5% non-refundable tax offset for all other eligible entities (entities may be able to carry forward unused offset amounts to future income years). S %

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