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New AAT Case Finds Software Activities NOT Eligible Under the R&D Tax Incentive
September 21st, 2022A recent AAT Decision handed down in July 2022 (Absolute Vision Technologies Pty Limited and Innovation and Science Australia (Taxation)) has found a company’s software development activities were not eligible under the R&D Tax Incentive. Prior to this decision, there was only a limited number of previous decisions on Software R&D Eligibility heard by the courts and AAT. The company had registered R&D Activities with AusIndustry for a number of years with the objective of the project being: …to evolve […]
NZ Media Reports that Australian Tax Incentive a Threat to NZ Video Game Development Industry
July 8th, 2022A recent article on www.stuff.co.nz has highlighted that Australia’s R&D Tax Incentive and Digital Games Tax Offset has the NZ video game development industry worried The article highlights that: Australia’s proposed Digital Games Tax Offset (DGTO), an initiative of the former coalition federal government which has not yet passed as law, is a threat to New Zealand’s gaming industry accounting to their Game Developers Association: The proposed incentive offers a 30% refundable tax offset for eligible businesses that spend a minimum of […]
AusIndustry Conducting Briefing Session to Provide an Overview of the Refreshed Software Guidance
May 9th, 2022In April 2022, AusIndustry released a new guidance document titled “Software-related activities and the Research and Development (R&D) Tax Incentive“. Whilst nothing in the new guidance is particularly surprising, there are some new principles which do not seem to have been explored in other guidance documents published in recent years. AusIndustry have planned briefing sessions on this guidance during May which will focus on: the design process to ensure industry relevance; the main changes from previous guidance, including changes to […]
Digital Games Tax Offset – Draft Released Including Clarification of Interaction with R&D Tax Incentive
May 4th, 2022Originally announced last federal budget was a refundable offset for digital games, to strengthen the digital games industry and develop local capability. Last month, the treasury published the Exposure Draft Explanatory Materials. The Digital Games Tax Offset (DGTO) proposes to insert a new division into the ITAA 1997 to provide a 30% refundable tax offset for eligible businesses that spend a minimum of $500,000 on qualifying Australian development expenditure related to the development of eligible games from 1 July 2022. […]
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News & Research
News & Research
News & Research30 April Statutory Deadline for FY23 R&D Claims – One Week to Go
There is one week to go until the deadline for FY23 R&D Registrations. Companies seeking to register R&D Activities conducted during the Year Ended 30 June 2023 (companies that have a Standard YE for tax) who are yet to do […]
The matter concerns an individual charged by the Commonwealth DPP for attempting to unlawfully obtain a refund under the R&D Tax Incentive. Before being charged, the taxpayer was compulsorily examined by the ATO. The individual had applied to stay the […]
