Research and Development
All companies engaged in all sectors of the economy of South Africa who undertake scientific and technological research may apply for a 150% deduction in respect of operational R & D. This represents a 14% tax saving on all qualifying R & D undertaken.
Application to the Department of Science and Technology is required in advance of qualifying expenditure being undertaken. Approval in respect of such qualifying expenditure is required by the Minister of Science and Technology.
The programme focuses on: