If you are filing a general approval application relating to the R&D Tax Incentive (RDTI) for the 2020/2021 income tax year, you can now have more time to apply – until the 7th day of the fifth month after the end of the first income year.
The change is for a situation where you could not apply on time because the COVID-19 outbreak and its effects disrupted any of the following:
- Planning or doing eligible research and development.
- Appropriately obtaining necessary information.
- Getting advice.
The change is effective from 1 September 2020 to 30 September 2021.
