Agrimin receives tax refund under R&D Tax Incentive programme

Published by Nicholas Woodroof, Editor
World Fertilizer, Thursday, 05 March 2020 10:00

Agrimin Ltd. has received a tax refund of AUS$1.9 million under the Research and Development (R&D) Tax Incentive programme in relation to R&D expenditure incurred for the Mackay potash project, Western Australia, during the year ended 30 June 2019.

This tax refund includes overseas R&D expenditure that is eligible under the company’s successful overseas finding application which was approved by the Australian Government’s Department of Industry, Science, Energy and Resources in October 2019.

Mark Savich, CEO of Agrimin said: “Receipt of this R&D tax refund is welcomed support from the Australian Government and strengthens our financial position as we near the completion of our definitive feasibility study for the Mackay potash project.”

Read the article online at: https://www.worldfertilizer.com/potash/05032020/agrimin-receives-tax-refund-under-rd-tax-incentive-programme/

Global agriculture experts call for more responsible fertilizer practices to sustainably meet future food demand

Friday 09 May 2025 10:30

A large group of global agriculture and food chain experts have called for greater collaboration across the fertilizer industry to ensure future food security for a growing global population while reducing agriculture’s impact on soils and the wider environment.

You might also like