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Example 3: Turnover 20M to 50M

Turnover $20 to $50 million
Taxable Position PROFIT or LOSS
Eligible R&D Expenditure $1 million
Benefit $110,000

($1 million x 38.5% = $385,000)
LESS ($1 million x 27.5% = $275,000)

Benefit in the form of Reduction in tax liability and any unused offset amount will be carried forward into future years to reduce future tax liability
10M in Profit

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