Department of Science and Technology-R&D Tax Incentive

Organisation: Department of Science and Technology

Name of Exhibition: Research and Development Tax Incentive

Exhibition Summary:

The Research and Development (R&D) Tax Incentive is aimed to encourage private sector investment in scientific and technological R&D in South Africa in terms of section 11D of the Income Tax Act, 1962 (Act No. 58 of 1962). The incentive allows companies undertaking R&D in the country to deduct 150% of R&D expenditure when determining taxable income. For a company with a corporate tax rate of 28%, the incentive translates into 14 cents per Rand spent on R&D. The incentive can be accessed by companies of all sizes and in all sectors of the economy. This forms part of the policy package to promote R&D and innovation in the country.

Contact:Nangula Mavhungu

Tel/Mobile: 012 843 6521 / 076 510 0971

By | 2017-11-16T07:07:12+00:00 November 16th, 2017|