The Australian 43.5% R&D tax offset is available to some foreign companies who undertake R&D in Australia. Who is eligible? Foreign entities may be eligible where they have setup: an Australian resident company; a corporation that is an Australian resident for taxation purposes; or a permanent establishment in Australia. What’s it worth? The amount that a foreign entity can claim through the R&D Tax Incentive depends on the turnover of the company and whether it has recorded a profit or loss […]
The ATO recently issued TD 2014/15. This Tax Determination relates to the R&D tax incentive and discusses the treatment of expenditure incurred by an R&D entity during various design stages (Design Expenditure) connected with it beginning to hold a tangible depreciating asset, where that expenditure also falls within the terms of section 355-205 of the Income Tax Assessment Act 1997 (ITAA97). The determination addresses the question of when to include the Design Expenditure in the first element of the cost […]
For information about upcoming requirements for June year end companies, please click here. Eligibility Checklist: Are you Eligible to claim the R&D Tax Incentive? Check out our Eligibility Wizard to find out. Audit Checklist: Can you handle an AusIndustry Audit? Take our questionnaire to find out.
Join us for a practical workshop that will focus on the problems that every day companies face in protecting, and claiming incentives for their new products. You will hear from three industry experts on a range of topics, including tax issues, R&D tax incentives and patent protection.On conclusion of the presentation, participants will have an opportunity to ask the panel any specific questions in a friendly and constructive forum.What’s included? Seminar Title: Tax Strategies and Intellectual Property Protection Session 1: Protecting Intellectual Property […]