South Africa: R&D Tax Incentives
The South African government aims to encourage investment in innovation by providing an incentive for increased research and development (R&D) spending in the energy and natural resources sector.
R&D incentives offered in South Africa include:
- A "super" additional 50% tax deduction on eligible research and development expenses (based on a pre-approval system)
- Eased restrictions on claiming such incentives for energy- related companies, provided for by new legislation, effective 1 October 2012
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