AusIndustry have recently released new guidance material to help companies and tax advisors correctly identify and register for the R&D Tax Incentive in the fields of software development, agriculture, building, construction, and mining.
This guidance material includes specific examples and information on AusIndustry’s expectations for participants registering activities under the R&D Tax Incentive in these fields.
The four new Specific Issues Guidance documents are:
To view the November 2016 release, click here.
2015 saw the number of registrants claiming the R&D Tax Incentive increase by approximately 10 per cent, with key growth areas in companies with turnover of less than $20 million.