STEP 5: How Do I Register?

If your company and activities are eligible and you want to claim the R&D Tax Incentive in your company’s income tax return, you must first register  with AusIndustry.

 

When to Register

  1. core activitiesYou must register before you lodge your company income tax return to claim the Incentive.
  2. You must register within 10 months of the end of your company’s income year*. If the deadline falls on a Saturday, Sunday or public holiday, the deadline becomes the next working day.
  3. You must register your R&D activities for every income year you want to claim the Incentive.

* E.g. If your 2015 income year ends on 30 June 2015, you have until 30 April 2016 to register.

If your 2015 income year ends on31 December 2015, you have until 31 October 2016 to register.

 

Registration Form

supporting activitiesIn completing your application for registration you must use the R&D Activities smart form and associated Application Notes.

The smart form is an online form. It can be found and lodged via the business.gov.au website at any time on or before the due date.

 

Before you start

advanced findingsAs mentioned in Step 4: Record Keeping, your company should ensure that you have the appropriate systems and processes to effectively identify, evaluate and record eligible R&D activities and their associated expenditure. This is the best way to make sure that you comply with the program’s requirements.

Tax claims must be substantiated with records.

 

 

 

References