A recent manufacturing showcase in Dandenong, Melbourne, hosted by the Industry Capability Network and the Victorian Department of State Development, Business and Innovation brought together more than 550 representatives from various manufacturing sectors to discuss future changes and opportunities in the manufacturing industry. The event provided a valuable forum that focused on how manufacturing businesses are evolving through innovation in areas such as product design, R&D, information and communications technology and leadership. There was a strong focus on the importance […]
Summary of 104 160 689 matter Taxation Ruling – TR2013/3 Click Here Taxation Ruling: TR 2013/3A1 – Addendum Click Here Decision Impact Statement – GHP 104 160 689 Pty Ltd Click Here The case concerned whether certain expenditure was to be disallowed deductibility at the rate of 125% because it was ‘feedstock expenditure’ within the meaning of the former section 73B(1) of ITAA 1936. GHP 104 160 689 Pty Ltd (‘the applicant’) carried on the business of mining operations which […]
At the announcement of the May 2014 budget, the Federal Government proposed to decrease the refundable and non-refundable R&D tax offsets by 1.5% for FY15. The reduction in the R&D tax offset rates was proposed to commence one year prior to the 1.5% reduction in corporate rate for FY16. Had the R&D Tax Offset rates reduced one year prior to the corporate tax rate as proposed, the permanent effective benefit of the R&D Tax Incentive would have dropped in FY15, then been […]