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R&D Tax – Important 30 June Planning for Companies

June 23rd, 2016

The following R&D tax claim information will apply to companies that: have recently submitted a 2015 R&D claim; and intend to submit a 2016 R&D Claim. Upcoming AusIndustry Compliance Activity Over the next few months, AusIndustry will likely start compliance activity for FY15 applications that were lodged around the April 30 deadline. If reviewed, companies claiming the R&D Tax Incentive must substantiate to AusIndustry that: the registered activities occurred; and the claimed activities were in accordance with the R&D Tax legislation. […]

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Government reintroduces 1.5% Cut to R&D Tax Incentive

May 28th, 2015

Tax and Superannuation Laws Amendment (2015 Measures No.3) Bill 2015 that proposes a 1.5% cut to R&D Tax Incentive rates passed the House of Representatives and is now being considered by the Senate. Click here to view the Tax and Superannuation Laws Amendment (2015 Measure No. 3) Bill 2015 The Bill is a reintroduction of previous legislation stalled in the senate which also proposed a uniform reduction of 1.5%. The basis for the previously proposed reduction of the R&D Tax Offset rate […]

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R&D Tax claim for companies before 30 June

May 20th, 2015

The following R&D tax claim information will apply to companies that: have recently submitted a 2014 R&D claim; and intend to submit a 2015 R&D Claim. Upcoming AusIndustry Compliance Activity Over the next few months, AusIndustry will likely start compliance activity for FY14 applications that were lodged around the April 30 deadline. If reviewed, companies claiming the R&D Tax Incentive must substantiate to AusIndustry that: the registered activities occurred; and the claimed activities were in accordance with the R&D Tax […]

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Research and development tax incentive calculator: About

August 19th, 2014

This calculator helps you calculate your research and development (R&D) tax offset claim. The research and development (R&D) tax incentive provides a targeted tax offset to encourage certain companies (R&D entities) to conduct R&D activities that benefit Australia. It provides generous benefits for companies performing eligible R&D activities and has the following two core components: a 43.5% refundable tax offset for eligible entities with an aggregated turnover of less than $20 million – unless they are controlled by tax exempt […]

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