Australian resource company KBL Mining has advised it is lodging an R&D Tax Incentive claim for the 2011-12 financial year. The claim is for some AUD$12.5 million for R&D activities in process development. For the 2010 and 2011 financial years KBL received an R&D cash rebate of $1.1 million. Eligibility for the rebate is subject to the Company meeting all relevant taxation eligibility criteria for obtaining a refundable tax offset and the claim may be reviewed by either the Australian Taxation […]
A report of Australian clinical trial costs is flawed according to Industry claims. The report on the global competitiveness of 14 countries came out this time last year, in which Australia was ranked as the second most expensive country to run clinical trials. Australian R&D Industry representatives are now making noise in response to the report. The report rankings were based on areas such as labour costs, transport, facility lease costs and utilities such as electricity. Exact data sources are unclear […]
The R&D Tax Incentive provides targeted, generous and easy to access support for eligible R&D activity. Companies are able to register and claim the new R&D Tax Incentive benefit from 1 July 2012. AusIndustry is holding registration ready workshops to help SME’s, first time registrants and smaller consultants/ tax agents better understand and register for the R&D Tax Incentive. The workshops aim to provide an overview of the program covering the following: general knowledge and benefits of the program the program’s eligibility […]