Government Policy and Treasury

Have Quarterly Credits gone the way of the Dodo?

October 28th, 2013

The Tax Laws Amendment (2013 Measures No. 4) Bill 2013 aimed to establish a new scheme for making refundable tax offsets available in quarterly installments. Under that proposed scheme, eligible small and medium companies would access installments on a quarterly basis in anticipation of claiming the 45 per cent research and development refundable tax offset at the end of the income year.  It is the first of its kind in Australia. However, with a new Parliament comes a new plan […]

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Patent Box Australia to make R&D Tax Incentive more competitive

October 11th, 2013

Australia is one of the world leaders in innovation and R&D, but our current tax system fails to reflect the challenges of a competitive global economy, especially as it relates to domestic biotechnology and manufacturing. Recently, the Abbott Government pledged to explore ‘patent box’ in Australia. The patent box Australia  concept has already been adopted by many European countries and is currently before Congress in the U.S. These schemes provide reduced tax rates on income attributable to patented IP. The Patent Box will […]

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Upcoming Abbott Government’s R&D Tax Incentive Policy

September 6th, 2013

Swanson Reed welcomes ‘The Coalition’s Policy to Boost the Competitiveness of Australian Manufacturing’ with its support for a “new approach” to manufacturing and policy improvements to the R&D Tax Incentive. Tony Abbot and the Coalition has placed a completely different emphasis on the importance of increased commercial R&D in Australia than that of the Labor Government. In 2014, the Coalition plans to make changes to the R&D Tax Incentive program, including: A review of businesses over $20 Billion turnover program […]

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Swanson Reed – R&D Tax Incentive Quarterly Credits Submission

September 3rd, 2012

Click here for the Swanson Reed R&D Tax Incentive Quarterly Credits Submission.

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