Aggregated Turnover An important dimension to note is the term...

Aggregated Turnover
An important dimension to note is the term ‘aggregated turnover’. This plays a major role in determining the level of tax offset a company can receive when claiming the R&D Tax Incentive.
The R&D Tax Incentive benefits are split into two components:
• A 43.5% refundable tax offset for eligible entities with an aggregated turnover of less than $20 million (unless they are controlled by tax exempt entities).
• A 38.5% non-refundable tax offset for all other eligible entities. 21
Aggregated turnover is the sum of the annual turnovers of not only the R&D entity (your company) but also any entities connected or affiliated with your company for tax purposes22.