Tag: research and development tax incentive

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....

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...

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...

New R&D tax ruling ‘unwinds 40 years of convention’

Posted on   |  by Denham Sadler
A new ruling allowing the tax office to assess the eligibility of activities under the research and development tax incentive (RDTI) has “muddied the waters” of the scheme and...

Software dominates RDTI claims

Posted on   |  by Joseph Brookes
Nearly half of the registrations for research and development tax breaks in Australia are now for software, but the government will persist without a specialised scheme for the sector...

Govt repeatedly rejected RDTI software working group

Posted on   |  by Denham Sadler
A software-specific working group for the research and development tax incentive would have avoided the recent challenges the scheme has faced, but was repeatedly rejected by the federal government...

Board of Taxation rejects separate software RDTI scheme

Posted on   |  by Denham Sadler
The Board of Taxation has recommended business as usual for the administration of the research and development tax incentive and rejected the concept of a separate scheme just for...

Govt has another go at outsourcing RDTI compliance

Posted on   |  by Denham Sadler
The federal government is having another go at outsourcing key elements of the research and development tax incentive, despite an audit finding its first attempt proved in many cases...