Non-refundable R&D tax offset carried forward from previous year worksheet (rdc)

If the company is a base rate entity which has earned exempt income including exempt foreign income, tax calculated on the exempt income component will be calculated at the base rate entity tax rate (27.5% for the 2018 income year), otherwise it is calculated at 30%.

The excess brought forward as calculated in this worksheet integrates to label B at item 21 and from item 21 to label D Non-refundable carry-forward tax offsets in the Company’s Calculation Statement.