Impact to R&D Tax Incentive claims by COVID-19 or Bushfires 2019-20

11 September 2020

This information is provided by AusIndustry. Read more via AusIndustry here. 

Aware that COVID-19 and the recent bushfires may have affected your economic circumstances, applications for the Research and Development Tax Incentive have been extended to 30 September 2020.

Registration applications for the 1 July 2018 to 30 June 2019 income year will be accepted until 30 September 2020. You’re not required to request an extension of time during this period.

If you’re unable to lodge your application by 30 September 2020, you may request an extension of time.

Provisional applications to request Advance and Overseas Findings closed on 30 June 2020. It is expected that all provisional applicants will provide the further information required to assess their application by 30 September 2020. More information is available from our Special eBulletin.

When you lodge your R&D Schedule with the Australian Taxation Office, you’ll still need to provide your R&D Tax Incentive registration receipt. And should you wish to claim expenditure associated with an overseas activity you must be issued with a Positive Finding prior to lodging.

For more information on the support available visit the Bushfire support page or Coronavirus (COVID-19) information and support for business section.

Read more about the Research and Development Tax Incentive via AusIndustry.


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