Instructions for completing Part D – Aggregated turnover.
Item 1 Do you have exempt entity ownership of 50% or greater
Regardless of a company's aggregated turnover, the company is only eligible for the non-refundable tax offset if one or more exempt entities have direct control or indirect control of the company (with a relevant control threshold of 50%).
If your company is controlled by one or more income tax-exempt entities, show an X at Yes and go to Part E items 1 Additional information and 3 Non-refundable R&D tax offset. You do not need to complete Part D items 2 and 3.
If your company is not controlled by one or more income tax exempt entities, show an X at No and go to item 2.
Item 2 Do you have an aggregated turnover of $20 million or greater
If your aggregated turnover is $20 million or greater, you are eligible for the non-refundable tax offset.
If your company has an aggregated turnover of $20 million or greater, show an X at Yes and go to Part E items 1 Additional information and 3 Non-refundable R&D tax offset. You do not need to complete Part D item 3.
If you have an aggregated turnover of less than $20 million, show an X at No. You must complete Part D item 3 and Part E items 1 Additional information and 2 Refundable R&D tax offset. You do not need to complete Part E item 3.
Item 3 Aggregated turnover is less than $20 million
Show details for your company and all entities connected with you, or that were your affiliates, during 2022–23.
Show at item 3a your annual turnover, as defined in section 328-120 of the ITAA 1997.
Show at items 3b, c and d:
- the name of each entity connected with you, or which was your affiliate
- the tax file number (not required for overseas entities)
- the amount of each entity's annual turnover, as defined in section 328-120 of the ITAA 1997.
If you are connected or affiliated with more than 3 other entities:
- show the 3 entities with the greatest annual turnover at items 3b, c and d; attach an additional table, showing the name, tax file number and annual turnover of your other entities
- add up the annual turnovers of the entities listed on the additional table, and include that sum in the annual turnover sum you show at row e.
To work out the aggregated turnover, you make an adjustment if any amount you show in the Annual turnover column relates to:
- ordinary income derived from dealings between you and an entity you have listed in item 3
- ordinary income derived from dealings between 2 or more other entities you have listed in item 3
- ordinary income derived by entities you have listed in item 3 while they were not connected with you and were not your affiliates.
At row f, show the total amount included in the Annual turnover column which requires such an adjustment.
Work out the amount you show at AT Aggregated turnover using Worksheet 2 below.
Row |
Calculation element |
Amount |
|---|---|---|
a |
Your turnover |
$ |
b |
Connected or affiliated entity 1 turnover |
$ |
c |
Connected or affiliated entity 2 turnover |
$ |
d |
Connected or affiliated entity 3 turnover |
$ |
e |
Connected or affiliated entities turnover total |
$ |
f |
Adjustment required due to |
$ |
AT |
Aggregated turnover (a + b + c + d + e - f) |
$ |
Continue to: Part E – R&D tax offset calculation