Australia

Australia

Revises industry research and development regulations

01 Jul 2011

On 2 September 2011, Australia replaced the R&D tax concession with the R&D tax incentive. The new provisions provide refundable or non-refundable tax offsets to encourage more companies to engage in R&D. The new tax incentive is available to corporations that are Australian residents, to foreign corporations that are resident of a country with which Australia has a double taxation agreement and carry on business through a permanent establishment in Australia, and to public trading trusts with a corporate trustee.

Type:
  • Promotion and facilitation (Investment incentives)
Industry:
  • Not industry specific
Inward FDI:
No
Outward FDI:
No
Sources: