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ATO Issues Reminder to Taxpayers on Application Deadline for R&D Offsets — Orbitax Tax News & Alerts

The Australian Taxation Office has issued a reminder to taxpayers on the upcoming application deadline for claiming R&D offsets.

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R&D applications due soon

If your income year ended on 30 June 2021, you have until Tuesday 3 May 2022 to submit your Research & Development Tax Incentive (R&DTI) application for the 2020-21 income year. You need to submit this application with AusIndustry before you can claim R&D offsets with the ATO.

Applications can only be submitted through the R&DTI customer portal. To access the portal, you'll need to set up a myGovID account and link this to your company's ABN using Relationship Authorisation Manager (RAM). You must do this before you can authorise others to access the portal or apply for the program on your behalf.

You should start this process early to ensure your application is submitted before the deadline.

More information