MINING
Mining
Mining is something of a special case when it comes to the RDTI: there are specific mentions in the legislation excluding mineral exploration from R&D. If you are conducting research into new methods of exploration that represent genuine new knowledge, then the whole game changes.​
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The ATO and the Department of Industry, Science, Energy and Resources have observed issues with R&D tax incentive claims made by mining companies where:
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The scope of the R&D activities in the context of extracting minerals is not clearly identified and why it is R&D, where activities in R&D projects are too broad there is an increased risk of over-claim of costs.
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Activities relating to modelling of mines are not R&D unless it is associated with a physical experiment. A feasibility study does not necessarily mean that R&D has or will occur.
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Claimants need to explain the technical challenges and how they overcome them using simple terminology.
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Exploration activities are specifically excluded from being a core R&D activity.
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Talk to us about how your R&D in the mining sector can be eligible for the R&D Tax Incentive.
Your R&D Certainty industry consultant is Paul