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How the R&D Tax Incentive Tax Offset Works
April 29th, 2016In its current form, the R&D Tax Incentive is an easily accessed and significant program that can provide generous benefits to eligible companies. In fact, the refundable (‘cash out’) component of Australia’s R&D incentive is the most generous when compared to other OECD countries around the world. Indeed, the R&D Tax Incentive is the Federal Government’s largest financial program to encourage companies to innovate. It has a minimum spend of $20,000 and is administered jointly by AusIndustry (on behalf of Innovation […]
CSL Urges R&D Tax Incentive Safeguard
April 26th, 2016In launching the innovation and science agenda in December, the Australian Government announced that they would be undertaking a review of the R&D Tax Incentive programme. At present, the review is currently ongoing by a panel led by Bill Ferris and it is expected to report to Government in April 2016. However, the announcement of a review has resulted in companies underlining their apprehensions about changes to the initiative. Most recently, CSL has joined industry appeals to the federal government to […]
Reminder: R&D Registrations Due 30 April 2016
April 22nd, 2016Registration is the critical first step in accessing the R&D Tax Incentive. In order to be able to claim the benefits of the R&D Tax Incentive, a company must register their R&D activities with AusIndustry. As mentioned in a previous post, the deadline for lodging an application for registration is ten months after the end of a company’s income year. Thus, for companies with a standard income period of 1 July to 30 June, the lodgement date for registrations with […]
Government’s Proposed Cuts to the R&D Tax Incentive Lapses
April 21st, 2016Innovation has become progressively debated in public discourse of late, leading to a significant focus on the R&D Tax Incentive in the last 12 months. This week, however, a positive development was made that will no doubt be welcomed by the innovation ecosystem in Australia. To clarify, a proposed 1.5% cut to the R&D Tax Incentive under the Tax and Superannuation Laws Amendment (2015 Measures No. 3) Bill 2015 will not ensue – the Bill before the senate has lapsed and […]
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News & Research
News & Research
News & ResearchIn December 2019, the government re-introduced a bill to reform the R&D Tax Incentive. This bill was a slightly modified version of a previous reform bill (Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia […]
In December 2019, the government re-introduced a bill to reform the R&D Tax Incentive. This bill was a slightly modified version of a previous reform bill (Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia […]
