The clock is ticking! If your company has undertaken eligible research and development (R&D) activities during the 2023–24 income year, you must register for the R&D Tax Incentive by 30 April 2025.
This is a critical opportunity for innovative Australian businesses to receive valuable tax offsets – but only if you meet the deadline and eligibility requirements.
Don’t miss out
With refundable tax offsets of up to 43.5%, the R&D Tax Incentive (RDTI) is one of the most valuable programs available to Australian innovators.
🗓️ Deadline to register for 2023–24 R&D activities: 30 April 2025
Before you register: Use the pre-registration checklist
Before diving into your application, make sure you're eligible. The Australian Government provides a handy pre-registration checklist to help you assess whether your activities and expenses qualify.
Ask yourself:
-
Have you conducted core R&D activities that involve experimentation or scientific method?
-
Do you have supporting documentation to substantiate your R&D activities and expenses?
-
Have you kept contemporaneous records throughout the year?
Related: How To Write A Winning R&D Tax Incentive Application
How long will it take to process my application?
The Department of Industry, Science and Resources aims to process R&D Tax Incentive applications efficiently, with timelines based on your submission history:
-
40 business days for first-time registrants
-
20 business days if submitted within 6 months after end of income year
-
Up to 80 business days if submitted 6–10 months after end of income year
⚠️ Factors that can delay your application:
-
Incomplete information
-
Activities that may fall under exclusions
-
Prior correspondence or guidance from the department
-
Identified risks or eligibility concerns
You can check your application status at any time via the R&D Tax Incentive customer portal.
Related: The Most Common Mistakes in R&D Tax Incentive Application and How to Avoid them
Need Help?
Not sure where to start? We’re here to guide you through the process – from checking eligibility to compiling your documentation and lodging your application. Let us help you make the most of your innovation efforts.
Here at Azure Group, we have built a strong reputation for helping innovative businesses access the R&D Tax Incentive. Our R&D experts have the knowledge and experience needed to maximise your claim and significantly reduce the risk of non-compliance for a greater chance of a successful R&D Tax Incentive application.
📩 Get in touch today to ensure you're registered and ready before the deadline.
Have you noticed our #FridayExpertTips... here's one that relates to R&D Tax Incentive
“The costs of innovation can be offset by the R&D Tax Incentive. It doesn’t matter if you’re in a lab, on a factory floor, or behind a computer – innovation is innovation! Talk to our team!"
This article is intended to provide general information only, and is not to be regarded as legal or financial advice. The content is based on current facts, circumstances, and assumptions, and its accuracy may be affected by changes in laws, regulations, or market conditions. Accordingly, neither Azure Group Pty Ltd nor any member or employee of Azure Group or associated entities, undertakes responsibility arising in any way whatsoever to any persons in respect of this alert or any error or omissions herein, arising through negligence or otherwise howsoever caused. Readers are advised to consult with qualified professionals for advice specific to their situation before taking any action.
Comment