No, the R&D tax credit is a different beast to the JMEI, as it (the R&D) is a cash refund paid to GRL for eligible research and development expenses incurred during the 22/23 FY. The JMEI is a program that allows junior explorers to 'pass on' on exploration expenses as tax deductions to SH's (because the explorer isn't in a position, and won't be for some time, to claim those expenses as a deduction). So under the JMEI, it's the SH that claims the deduction.
The exploration expenses passed on to SH's under the JMEI are different to those expenses claimed by GRL under the R&D scheme.
Clear as mud?
No, the R&D tax credit is a different beast to the JMEI, as it...
Add GRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.7¢ |
Change
-0.002(6.90%) |
Mkt cap ! $4.57M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.7¢ | $3.447K | 124K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38460 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 147629 | 1 |
View Market Depth
| Last trade - 15.57pm 02/05/2024 (20 minute delay) ? |
|
|||||
|
Last
2.9¢ |
Change
-0.002 ( 3.57 %) |
||||
| Open | High | Low | Volume | ||
| 2.9¢ | 2.9¢ | 2.9¢ | 2450 | ||
| Last updated 11.32am 02/05/2024 ? | |||||
| GRL (ASX) Chart |