Скачать 0.67 Mb.
Innovation Australia aims to promote the development, and improve the efficiency and international competitiveness of Australian industry by encouraging research and development activities, innovation activities and venture capital activities. Innovation Australia is involved in the administration of Australian Government programs designed to stimulate investment, innovation through research and development (R&D) and commercialisation.
These programs are:
Together these programs form a suite of initiatives designed to encourage Australian industrial R&D and innovation efforts, to assist in the successful commercialisation of R&D outcomes.
A committee structure is used to help Innovation Australia administer its programs.
SECTION 2 – OUR PROGRAMS
R&D TAX CONCESSION
The R&D Tax Concession was introduced in 1985 to encourage Australian industry to undertake increased levels of eligible Research & Development (R&D). It is an entitlement program that assists and encourages business R&D activities undertaken in Australia.
The program is based on the legislative framework contained in Part IIIA of the Industry Research and Development Act 1986 (IR&D Act) and sections 73B to 73Z of the Income Tax Assessment Act 1936. In addition, the Income Tax Assessment Act 1997 is relevant to calculating deductions for plant and other assets for use in R&D. The R&D Tax Offset and the R&D Incremental (175 per cent Premium) Tax Concession were introduced following the former Australian Government’s Backing Australia’s Ability statement in January 2001.
Further changes to the R&D Tax Concession were made in May 2007, including changes to the beneficial ownership provisions extending access to the 175 per cent Premium to Australian companies in a multi national enterprise group who undertake their R&D in Australia, but hold the intellectual property overseas.
Through the R&D Tax Concession, the Australian Government aims to achieve its broader objective of developing internationally competitive industries in Australia by:
PROGRAM PERFORMANCE AND OUTCOMES IN 2009 10
Users of the R&D Tax Concession must apply annually to Innovation Australia (via AusIndustry) for registration of activities undertaken in the previous income year. Eligible companies may lodge registration applications during the 10 months after the end of their income year, and then claim the tax concession for R&D in their annual tax returns filed with the Australian Taxation Office (ATO).
The majority of applications for registration for the R&D Tax Concession are received around the end of April each year. Data shown in this report on registrations for the 2008-09 income year as at 30 June 2010 are incomplete; further applications for the 2008-09 income year will continue to be received up to 31 October 2010 from companies with non-standard income period balance dates.
Figure 2.1 Summary of registration data from 1985 to 2008-09, as at 30 June 2010
Figure 2.1 shows the number of companies registering for the R&D Tax Concession and the reported expenditure in millions, each year from 1985/86 to 2007/08, as at 30 June 2010.
As at 30 June 2010, there were 8,440 companies registered for the 2008-09 income year, with reported R&D expenditure totalling $17.38 billion (Figure 2.1). Continuing the trend of previous years, the number of registrations to date has achieved another record level, with an increase of 8.8 per cent from the 2007-08 income year. The total reported R&D expenditure also represents a significant growth from the previous year of 22.5 per cent.
A service delivery performance of 92 per cent of applications registered within the target of 30 days was achieved during the 2008-09 financial year, and 90 per cent of electronically submitted applications were registered within the target of 10 days.
Figure 2.2 Registration by R&D expenditure (%) for 2008-09, as at 30 June 2010
Figure 2.2 shows the percentage of registrants within each R&D expenditure level (as reported by registrants). Fifty-eight per cent of registrants reported expenditure less than or equal to $500,000.
Note: As at 30 June 2010, 8,440 companies were registered for the 2008-09 financial year, with reported expenditure of $17.38 billion.
The majority of companies (58 per cent) reported R&D expenditure of less than $500,000, representing approximately six per cent of total reported R&D expenditure. R&D activities valued at greater than $10 million were undertaken by only three per cent of registrants, which represented approximately 61 per cent of the total reported R&D expenditure.
Figure 2.3 R&D expenditure ($M) by field of research (Australian Standard Research Classification) for 2008-09, as at 30 June 2010
Note: A company’s R&D activities may relate to more than one Australian Standard Research Classification (ASRC)
Figure 2.3, Research conducted by users of the R&D Tax Concession for the 2008-09 year, as measured by reported R&D expenditure against Australian Standard Research Classification (ASRC), shows the top three areas are Engineering and Technology, Information, Computing and Communication Sciences and Medical and Health Sciences.
The R&D Tax Concession allows eligible Australian companies undertaking defined R&D activities to claim a tax deduction of up to 125 per cent of eligible R&D expenditure when lodging their annual tax returns. Companies determine the eligibility of their R&D activities under self-assessment, with compliance monitored by Innovation Australia.
The R&D Tax Offset is available to eligible Australian companies with an annual group turnover of less than $5 million and annual group R&D expenditure of up to $2 million. Smaller companies in tax loss that would otherwise carry forward R&D related tax losses can realise these losses as a cash equivalent payment when their tax return for the relevant year is processed. This provides assistance to these smaller firms at the time they need it most, in their growth stages.
The R&D Incremental (175 per cent Premium) Tax Concession encourages additional investment in R&D. The 175 per cent Premium is available to eligible Australian companies on the part of their eligible labour-related R&D expenditure that is greater than a base level determined by their average R&D expenditure over the previous three years. Companies must provide evidence of three prior years of eligible expenditure on R&D. Grouping rules apply, as well as certain expenditure rules and anti-avoidance mechanisms.
In addition, changes to the beneficial ownership provisions were announced in May 2007 which provided access to a R&D Incremental (175 per cent International Premium) Tax Concession to subsidiaries of multi-national enterprises, effective from 1 July 2007.
Table 2.1 Registrants for 2007-08 and 2008-09 as at 30 June 2010a
a This table uses Innovation Australia registration data and indicates the declared intention of registrants to claim under each element. Actual benefits will vary depending on individual circumstances.
* Total registrants for the R&D Tax Offset is (A+D+E+G).
** Total registrants for the 175% Premium is (B+D+F+G).
*** Total registrants for the International Premium is (C+E+F+G).
Table 2.1 and Figures 2.4 and 2.5, illustrate the number of companies registered for the R&D Tax Concession and their reported R&D expenditures for 2007-08 and 2008 09.
The total number of companies registered to date for the 2008-09 income year has increased by seven per cent to a new record number of 8,440. Of these, a total of 2,880 companies (34 per cent) intended to claim only the R&D Tax Offset and 1,608 companies (19 per cent) intend to claim only the 175 per cent Premium, while 630 companies intended to claim both the R&D Tax Offset and the 175 per cent Premium. In addition, a total of 70 companies indicated an intention to claim the International Premium R&D Tax Concession.
The number of registrants intending to claim the tax concession for R&D as the R&D Tax Offset in the 2008 09 income year has also increased by approximately five per cent, compared with the 2007-08 income year.
Similarly, the number of companies intending to claim the 175 per cent Premium in the 2008 09 income year has increased by seven per cent, with a corresponding 15 per cent increase in the reported R&D expenditure to $10,302.46 million (equivalent to 59 per cent of total reported R&D expenditure), compared with $8,972.6 million (60 per cent of total R&D expenditure) for the 2007-08 income year.
Figures 2.4 and 2.5 present the number of registrations for 2008-09 by R&D expenditure and turnover respectively.
Figure 2.4 Number of registrations by R&D expenditure and element for 2008 09, as at 30 June 2010
Figure 2.4 gives a breakdown of the number of companies registering for each element of the R&D Tax Concession and the levels of expenditure.
Figure 2.5 Number of registrations by turnover range and element for 2008-09, as at 30 June 2010
Figure 2.5 shows the number of registered companies in each turnover range in 2008-09 and within this data set, the number of registrations sought for each element of the R&D Tax Concession.
Companies reporting a turnover of less than $5 million per annum represented the largest single group of registrants (64 per cent) for the R&D Tax Concession in the 2008-09 income year. The number of large companies with turnovers of more than $50 million per annum represented 12 per cent of registrants.
Автор благодарит Victor A. Hill, руководителя английской фирмы International Management Development, London и L. P. Todd, руководителя...