Home » News » ATO’s First R&D Tax Incentive (R&D TI) Transparency Report
August 19th, 2024
The ATO have provided some additional details on their upcoming R&D Tax Incentive transparency reporting.
An ATO update circulated August 2024 notes:
- We’ll publish our first annual Report of data about Research and Development tax incentive entities in late September 2024. It will contain specific data about R&D entities that claimed the incentive for the 2021–22 income year. By providing transparency of how much R&D entities are reporting in R&D expenditure, the aim of the report is to improve public accountability and voluntary compliance.
More information is available on the ATO website.