Tag: research and development tax incentive

Audit Office to scrutinise R&D Tax Incentive

Posted on   |  by Denham Sadler
The national audit office is scrutinising the government’s administration of the research and development tax incentive program and its readiness for a number of changes to take effect in...

Aust tech giants push for R&D tax ‘workshop’

Posted on   |  by Denham Sadler
Some of Australia’s largest tech companies have written to the tax office requesting a “collaborative workshop” to improve how software claims are dealt with under the research and development...

Digital platform to modernise RDTI delivery

Posted on   |  by Denham Sadler
A new platform to modernise the delivery of the research and development tax incentive will be launched to coincide with the introduction of a range of reforms to the...

‘Largest ever’: RDTI adviser cops $23m penalty

Posted on   |  by James Riley
The Federal Court has handed down its largest ever promoter penalty of nearly $23 million against a former research and development tax incentive adviser for systemic abuse of the...

Budget 2021: the best chance to relaunch the RDTI

Posted on   |  by Denham Sadler
The upcoming federal budget is an opportunity to relaunch and reform the research and development tax incentive to “restore its profile as the keystone for supporting R&D and innovation”,...

Govt releases ‘plain English’ R&D tax guide

Posted on   |  by Denham Sadler
New “plain English” guidance for the research and development tax incentive has been released, providing new definitions for “hypothesis” and “new knowledge” and further information on the record keeping...

‘Profound concern’ about RDTI intensity measure

Posted on   |  by Denham Sadler
The Opposition is “profoundly concerned” with the revamped research and development tax incentive intensity measure and has also called for the introduction of a collaboration premium. Legislation making a...

End of uncertainty as RDTI reforms finally pass

Posted on   |  by Denham Sadler
The federal government’s “enhanced” reforms to the research and development tax incentive passed Parliament just days after being announced, ending two and a half years of uncertainty for those...

‘Almighty backflip’ is a welcome industry tonic

Posted on   |  by Denham Sadler
The federal government’s attempt to spin its “almighty backflip” on the research and development tax incentive as a $2 billion investment in the scheme is a “brazen misrepresentation of...