Technology and Media Communications

AusIndustry Conducting Briefing Session to Provide an Overview of the Refreshed Software Guidance

May 9th, 2022

In April 2022, AusIndustry released a new guidance document titled “Software-related activities and the Research and Development (R&D) Tax Incentive“. Whilst nothing in the new guidance is particularly surprising, there are some new principles which do not seem to have been explored in other guidance documents published in recent years. AusIndustry have planned briefing sessions on this guidance during May which will focus on: the design process to ensure industry relevance; the main changes from previous guidance, including changes to […]

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Digital Games Tax Offset – Draft Released Including Clarification of Interaction with R&D Tax Incentive

May 4th, 2022

Originally announced last federal budget was a refundable offset for digital games, to strengthen the digital games industry and develop local capability. Last month, the treasury published the Exposure Draft Explanatory Materials. The Digital Games Tax Offset (DGTO) proposes to insert a new division into the ITAA 1997 to provide a 30% refundable tax offset for eligible businesses that spend a minimum of $500,000 on qualifying Australian development expenditure related to the development of eligible games from 1 July 2022. […]

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AusIndustry Release New Software Guidance Titled “Software-Related Activities and the Research and Development (R&D) Tax Incentive”

April 13th, 2022

In April 2022, AusIndustry released a new guidance document titled “Software-Related Activities and the Research and Development (R&D) Tax Incentive”. The release of this document follows previous guidance in recent years, along with some controversies for software-development R&D activity that saw: A number of well publicised disputes; Reports of some disputes being settled; Calls by some in the industry for a ‘Software Specific’ R&D Tax Incentive, or a change in the criteria of the current incentive to be easier to […]

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ATO Announces That “Collaborative Workshop Will Be Conducted Shortly” In Respect Of Software R&D Activity

April 12th, 2021

The AFR reported earlier in the year that leading technology companies (including Atlassian, Airtasker, Canva and Deputy, among others) had sent a letter to the ATO offering to convene a workshop with the ATO to “improve the understanding of software innovation in the tax office and, conversely, address any concerns the ATO has about software related claims.” Under the “matters under consultation” section of the ATO website, it is now noted that: A collaborative workshop will be conducted shortly; The […]

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