R&D Tax Incentive:
Available nationwide, providing tax offsets for eligible R&D activities, encouraging innovation across all sectors.
Instant Asset Write-Off:
Allows businesses to immediately deduct the cost of new or second-hand assets, promoting investment in machinery and equipment.
JobMaker Hiring Credit:
Provides incentives for businesses to hire young job seekers, enhancing workforce development.
Data:
R&D Tax Incentive
Businesses can receive a tax offset of up to 43.5% on eligible R&D expenditures (13†source).
Instant Asset Write-Off
Up to $150,000 per asset can be deducted under this scheme (14†source).
- R&D Tax Incentive: Australian Taxation Office
- Instant Asset Write-Off: Australian Taxation Office