Does your Industry have a Higher Risk of being excluded under the R&DTI?

The Research and Development Tax Incentive (R&DTI) program administered by AusIndustry is open to companies of all sizes and in all industries, but certain industries may be at a higher risk of being rejected under the program.

Industries that may be at a higher risk of being rejected under the RDTI program include:

• Agriculture, forestry and fishing (unless it's advanced agriculture)

• Activities of households as employers; undifferentiated goods- and services-producing activities of private households for own use

• Creative, arts and entertainment

• Construction

• Education

• Financial and insurance services

• Software

• Wholesale and retail trade

• Hotels and restaurants

The above-mentioned industries may be at a higher risk of being rejected for RDTI because their R&D activities may not meet the program's eligibility criteria. The program is intended to encourage companies to invest in R&D activities that lead to new technologies, products, or processes that have the potential to improve the competitiveness and productivity of Australian industry.

It's worth noting that these industries are at a higher risk of being rejected, but they can still qualify if they demonstrate that their R&D activities meet the eligibility criteria of the program. A future focussed R&D plan that is prepared prior to you undertaking your program of R&D, that has been prepared with reference to the R&DTI program requirements and eligibility criteria, can assist dramatically in reducing your risk of non-compliance.

This is where R&D Certainty can assist your business by both assisting with the preparation of your R&D plan and ensuring that your R&D is eligible in accordance with the program requirements.

Back to R&D Certainty

More about how R&D Certainty