This incentive funds basic research, applied research, design & engineering, technology development and prototype
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.
Private-sector investors conducting R&D, the results of which the taxpayer intends to use in the production of income.
Operating Expenditure, Up to 150% of qualifying expenditure incurred.