• 十九大精神宣讲团报道集 2019-06-12
  • 空军多型多架战机绕飞祖国宝岛 2019-06-10
  • 7座水库新纳入联合调度 今年汉江防洪能力再提升 2019-06-10
  • 有力过好多次了,差一点丢了条膀子。 2019-06-07
  • 长城24小时客户端简介 2019-06-07
  • 全棉时代纯棉婴儿护理湿巾棉抽纸全棉纸巾棉柔巾全棉手帕纸婴儿湿巾组合套装系列 2019-06-06
  • 包“橘粽”着古装读《橘颂》 重庆大学生这样过端午 2019-06-06
  • 美酒美食 每天下午茶:曲奇配美酒曲奇 葡萄酒 2019-06-05
  • 具奋垄断因素的市场经济是变种的市场经济,这种市场经济不可能实现资源合理配置,只会造成畸形发展,导致社会经济的恶性病变。房地产市场现状是最好例证。 2019-06-01
  • 考古遗址公园相关新闻 2019-06-01
  • 印媒:不顾美国反对 印度坚持要买S400防空导弹 2019-05-28
  • 权健边路尖刀加盟初期曾被质疑 如今获球迷点赞 2019-05-28
  • 国务院关税税则委员会发布公告决定对原产于美国的500亿美元进口商品加征关税 2019-05-26
  • 州市 —频道 春城壹网 七彩云南 一网天下 2019-05-26
  • 忠实履行党的新闻舆论工作职责使命  不断提升传播力引导力影响力公信力 2019-05-25





  • 北京赛车pk10手机直播:RESEARCH AND DEVELOPMENT (R&D) INCENTIVE

    北京赛车pk10技巧 www.zzff8.com Top Tip: Regulations in terms of paragraph (e) of definition of "research and development" in section 11D(1) on criteria for clinical trials in respect or deduction for research and development. Read more here.

    The main aim of this incentive is to encourage South African companies to invest in scientific or technological research and development.

    The section 11D Research and Development Incentive (R&D) was introduced into the Income Tax Act, in 2006 to replace the previous research and development rule that existed in terms of section 11B.


    Section 11D allows:

    • A deduction equal to 150%?of expenditure incurred directly for Research & Development and

    • An accelerated depreciation deduction (that is, 50:30:20) for capital expenditure incurred on machinery or plant used for R&D.

    Structure of the R&D Adjudication Committee

    The R&D adjudication committee is made up of–

    • Three people employed by the Department of Science and Technology, and appointed by the Minister of Science and Technology

    • One person employed by National Treasury, who is appointed by the Minister of Finance

    • Three people employed by SARS, who are appointed by the Minister of Finance.

    The role of the R&D Adjudication Committee

    The role of the R&D Adjudication Committee includes:
    ?
    • Reviewing and making recommendations for approval or non-approval of R&D applications to the Minister of Science and Technology.

    • Reviewing of an annual progress report which is submitted by taxpayers claiming the incentive as set by the legislation.

    SARS’s role in managing section 11D

    SARS will allow a deduction when:

    • The R&D was pre-approved by the R&D Adjudication Committee

    • The taxpayer has an approval letter issued by the Department of Science and Technology

    • The expenditure has incurred:
      • Directly for research and development
      • In the production of income and
      • In the carrying on of trade.

    Top Tip: Even if the taxpayer has received pre-approval of an R&D project, SARS will still retain its audit oversight role.

    SARS will work out whether the claimed expenditure is within the boundaries of the expenditure approved by the pre-approval committee. The expenditure is actually incurred in the production of income and in the carrying on of trade.

    Other matters relevant to SARS

    • Provisional Tax: when calculating Provisional Tax, it is important not to assume that the Minister of Science and Technology will approve the application, as this is subject to penalties.

    • Assessments: where approval is received after an assessment has been finalised, a Request For Correct (RFC)can be made to include the R&D expenditure approved by the R&D pre-approval committee.

    More Information

    For more information on the R&D incentive, see the Department of Science & Technology.


    To access this page in different languages click on the links below:

    Last Updated: 20/09/2016 4:50 PM     print this page ?
    SARS eFiling eFiling Login eFiling Register Now eFiling Forgot Password eFiling Forgot Username E@syFile
    FIND A PUBLICATION
    FIND A FORM
    FIND AN FAQ



  • 十九大精神宣讲团报道集 2019-06-12
  • 空军多型多架战机绕飞祖国宝岛 2019-06-10
  • 7座水库新纳入联合调度 今年汉江防洪能力再提升 2019-06-10
  • 有力过好多次了,差一点丢了条膀子。 2019-06-07
  • 长城24小时客户端简介 2019-06-07
  • 全棉时代纯棉婴儿护理湿巾棉抽纸全棉纸巾棉柔巾全棉手帕纸婴儿湿巾组合套装系列 2019-06-06
  • 包“橘粽”着古装读《橘颂》 重庆大学生这样过端午 2019-06-06
  • 美酒美食 每天下午茶:曲奇配美酒曲奇 葡萄酒 2019-06-05
  • 具奋垄断因素的市场经济是变种的市场经济,这种市场经济不可能实现资源合理配置,只会造成畸形发展,导致社会经济的恶性病变。房地产市场现状是最好例证。 2019-06-01
  • 考古遗址公园相关新闻 2019-06-01
  • 印媒:不顾美国反对 印度坚持要买S400防空导弹 2019-05-28
  • 权健边路尖刀加盟初期曾被质疑 如今获球迷点赞 2019-05-28
  • 国务院关税税则委员会发布公告决定对原产于美国的500亿美元进口商品加征关税 2019-05-26
  • 州市 —频道 春城壹网 七彩云南 一网天下 2019-05-26
  • 忠实履行党的新闻舆论工作职责使命  不断提升传播力引导力影响力公信力 2019-05-25