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Financial Assistance

 

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R&D Tax Incentive
 

This incentive funds basic research, applied research, design & engineering, technology development and prototype

Objective This incentive was designed to encourage private-sector investment in scientific and technological research and development activities. It was introduced to help the country achieve a target for R&D expenditure of 1% of GDP.
Beneficiaries Private-sector investors conducting R&D, the results of which the taxpayer intends to use in the production of income.
Benefits Operating Expenditure, Up to 150% of qualifying expenditure incurred.
Implementing Agency The Department of Science & Technology

Contact:

Ms Dimakatso Mokone
Tel: +27(0)12 843 6560 / +27(0)12 843 6829
E-mail: dimakatso.mokone@dst.gov.za
Website: http://www.dst.gov.za/index.php/services/the-rad-tax-incentives-programme