Upcoming R&D Tax Deadline
This is a reminder of an upcoming R&D Tax Incentive (RDTI) deadline for businesses with a 30 June 2025 year end.
Eligible R&D activities undertaken in the 2025 financial year need to be registered with the Department of Industry, Science and Resources by no later than 11.59pm AEST Tuesday, 30 April 2026. Registration of R&D activities is the first, vital step to access R&D tax benefits via your annual tax return.
The RDTI program provides valuable support for businesses investing in R&D and innovation via access to annual tax offsets. The tax benefit available to companies is determined by their annual aggregated turnover:
Companies with less than $20mill aggregated turnover are entitled to a refundable tax offset equal to the company’s corporate tax rate plus an 18.5% premium.
Companies with more than $20mill aggregated turnover are entitled to a non-refundable tax offset equal to the company’s corporate tax rate plus a premium of 8.5% or 16.5% depending on R&D Intensity.
Whilst the benefits available are generous, the RDTI eligibility requirements can be challenging to navigate. Claimants need to ensure they correctly identify R&D activities and costs that can be claimed and compile the necessary evidence and supporting documentation.
Companies yet to register their R&D activities for YE 30 June 2025 should also be aware of significant changes to the application form used to describe the R&D undertaken. The application form now includes expanded sections and additional questions for each R&D project and activity. This should be considered in planning your RDTI registration to ensure you can compile this information prior to the 30 April 2026 deadline.
We provide comprehensive and transparent assistance with all aspects of the RDTI claim process. Our team will be happy to help you assess whether you meet all eligibility requirements and guide you through the increasingly complex application process.
Please contact us if you’re keen to explore the RDTI program further.