Fintech Australia has used a speech at the Senate Select Committee of Financial Technology and Regulatory Technology to call for better clarity that software activities be included within the scope of eligibility for R&D Tax Incentives.
The Article reports a senior figure from ISA responding to the question “Would Atlassian be considered eligible for R&D tax incentives?” with a reply of “No, because it’s software”.
We note however that this comment may be incorrect or out of context since:
We appreciate the advocacy of Fintech Australia calling for greater clarity of software development R&D Activities under the R&D Tax Incentives.
We also acknowledge AusIndustry’s efforts in improving compliance processes in recent months, noting:
Source: FinTech Australia; AusIndustry; ABC News