Export Market Development Grants at a glance
WHO CAN APPLY?
An Australian individual, partnership, company, association, cooperative or statutory corporation that has:
› carried on business in Australia
› promoted the export of goods
› promoted the delivery of services outside Australia
› promoted certain services in Australia to non-residents
› promoted inbound tourism
› promoted the export of intellectual property and know-how outside Australia
› an income of less than $50 million for the year
› spent at least $15,000 on eligible export promotional activities.
A trustee may also apply on behalf of a trust.
WHAT CAN BE CLAIMED?
› overseas representation expenses
› marketing consultant expenses
› marketing visits expenses
› free samples expenses
› trade fairs, seminars, in-store promotions expenses
› promotional literature and advertising expenses
› overseas buyers expenses
› registration and/or insurance of eligible intellectual property expenses.
WHAT DO YOU GET?
› up to 50 per cent reimbursement of eligible expenses, less the fi rst $5,000
› each applicant may receive a grant of up to $150,000 per application, to a maximum of eight annual grants
› grants are regarded asassessable for income tax purposes (think of it as either a GST free sale)
› the Australian Taxation Office has confirmed that GST will not apply to Export Market Development Grants.
WHAT CANNOT BE CLAIMED?
› are of a capital nature
› relate to sales or product development
› are fraudulent, unsubstantiated or related to an illegal activity.
The GST component of incurred expenses cannot be claimed under Export Market Development Grants.
SPECIAL APPROVAL APPLICANTS
Industry associations and joint ventures are able to seek ‘special approval’ status to enable them to apply for a grant. Special approval status is effective for five years from the approval date. If you would like further information about how to apply for these special status categories please contact us.