News and Announcements
$12m R&D Tax Refund for Carnegie Wave
- Published October 14, 2015 2:23PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
14th October 2015, ASX Announcement
Wave energy developer Carnegie Wave Energy Limited (ASX: CWE) is pleased to announce the receipt of a Research and Development Tax Incentive cash rebate from the Australian Tax Office of $12 million.
The R&D Tax Incentive provide a tax rebate to support Australian companies to undertake Australian research and development. During the year ended 30 June 2015 and prior years Carnegie incurred eligible R&D expenditure from which the tax rebate was calculated.
To read the full announcement, please click here.
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