The December 2024 Mid‑Year Economic and Fiscal Outlook (MYEFO) was released by the Government on 18 December 2024 and announced that The Government will exclude activities related to gambling and tobacco from Research and Development Tax Incentive eligibility for income years starting on or after 1 July 2025. This proposal can probably be linked to the transparency reporting of R&D claimants and public reaction regarding large claims made by gaming software companies. The Government then released an exposure draft in December 2025, […]
Swanson Reed’s initial analysis of the R&D announcements in May 2026 are summarised here. After we considered these proposed changes in greater detail, we are particularly alarmed about a proposed change announced in the Budget to the R&D Tax Incentive that we feel has not been communicated well nor understood by those whom it may impact… We fear the announced proposal to limit access to the Refundable R&D Tax Offset to firms operating less than ten years will be determined based on an […]
The 2026–27 Australian Federal Budget will be delivered by Treasurer Jim Chalmers on Tuesday, 12 May 2026. The AFR has reported today that: Treasurer Jim Chalmers is expected to raise the current $150 million cap on R&D expenses that can be claimed, in a move that will immediately help tech giant Atlassian and hearing device maker Cochlear, but is also aimed at making Australia a more internationally competitive investment destination. A review of the R&D and innovation system led […]
Watch this video for an insightful summary of the latest R&D Tax Incentive Industry Update, produced in March 2026: R&D Tax policy discussion from the strategic examination. Where relevant, the content of this video may have been based on guidance publications released by AusIndustry and the ATO. Additional guidance material on the R&D Tax Incentive is often progressively published by the programme regulators on their respective websites: ATO AusIndustry Please get in touch with our office if you require assistance, […]