a BO: budgetary outlay. TE: tax expenditure. Source: Commission estimates. The estimate for the R&D Tax Incentive refundable tax offset, as published in the Trade & was therefore a derived estimate based on information provided Assistance Review 201314, in the Commissioner of Taxation’s annual report and the TES. For 201415, the derived estimate ($1332 million) for the refundable component of the scheme was calculated as the total funding estimate for the R&D Tax Incentive scheme, as published in the Commissioner of Taxation’s 201415 annual report (p. 69), less the TES 2015 estimate for the nonrefundable component of the R&D Tax Incentive (Item B78, p. 57). Estimates of the R&D Tax Incentive, as published in & Assistance Review 201415, including the derived estimate for the refundable tax offset, are presented in table 4.6. The Commission also published estimates of the R&D Tax Incentive exemption of — refundable tax offset (TES 2015, Item B77, p. 56). Table 4.6 Previous R&D Tax Incentive funding, 201213 to 201415 $ million (nominal)
a BO: budgetary outlay. TE: tax expenditure. Source: Commission estimates. The estimate for the R&D Tax Incentive refundable tax offset, as published in the Trade & Assistance Review 201314, was therefore a derived estimate based on information provided in the Commissioner of Taxation’s annual report and the TES. For 201415, the derived estimate ($1332 million) for the refundable component of the scheme was calculated as the total funding estimate for the R&D Tax Incentive scheme, as published in the Commissioner of Taxation’s 201415 annual report (p. 69), less the TES 2015 estimate for the nonrefundable component of the R&D Tax Incentive (Item B78, p. 57). Estimates of the R&D Tax Incentive, as published in & Assistance Review 201415, including the derived estimate for the refundable tax offset, are presented in table 4.6. The Commission also published estimates of the R&D Tax Incentive — exemption of refundable tax offset (TES 2015, Item B77, p. 56). Table 4.6 Previous R&D Tax Incentive funding, 201213 to 201415 $ million (nominal)
trade-and-assistance-review-15-16-methodological-annex.docx