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/project-news/05032020/agrimin-receives-tax-refund-under-rd-tax-incentive-programme/
Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.