R&D Tax Incentive Legislation Update

September 25th, 2018

Last week, the Government introduced changes to the R&D Tax Incentive as part of an Omnibus Bill, following an announcement of the changes in May’s Federal Budget.

It is uncertain whether the Bill will pass both the lower house of parliament and the Senate.

The revisions are proposed to apply for the 2019 Financial Year.

Read the first reading of the bill here.

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