Tag: RDTI

R&D tax incentive payments to fall by $650 million

Posted on   |  by Justin Hendry
After a meteoric rise in tax breaks for companies undertaking research and development in Australia, payments are set to fall by almost $650 million over the next five years....

No time to wait: FinTechs call for RDTI change

Posted on   |  by Joseph Brookes
Small FinTechs are missing out on the government’s biggest and bluntest innovation incentive, exacerbating a funding crunch, the sector’s peak body has warned in its call for Budget moves....

Tax Office sharpens crackdown on RDTI cheats

Posted on   |  by Joseph Brookes
A Sydney businessman and his firms have been ordered to pay more than $13 million in penalties for encouraging clients to lodge over-inflated, inaccurate or unsubstantiated claims for research...

Gambling, tobacco firms booted from R&D Tax Incentive

Posted on   |  by Joseph Brookes
Gambling and tobacco firms will be excluded from the Research and Development Tax Incentive from next year, after transparency data laid bare tens of millions of dollars in claims...

Tech Council pushes national R&D investment target

Posted on   |  by Joseph Brookes
Lifting investment in technology adoption alongside a research and development drive will deliver a $167 billion productivity windfall, according to the Tech Council of Australia, which on Tuesday called...

RDTI growth outpaced Industry dept projections by $860m

Posted on   |  by Brandon How
The value of Australia’s research and development tax incentive exceeded Industry department estimates by almost $860 million last financial year as companies flocked to the scheme for relief amid...

R&D ‘languishing’ despite lift in government spending

Posted on   |  by Justin Hendry
The federal government expects to lift overall spending on R&D by almost $650 million this financial year, outpacing sluggish R&D spending growth in the private sector, according to new...

Reclaiming sovereignty over strategic technologies

Posted on   |  by Adam Gilmour
Australian governments have been discussing innovation, advanced manufacturing, and the vision of making more (and more high-tech things) in Australia… for decades. Yet here we are in 2024, ranked...