Tag: research and development tax incentive

‘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...

Govt abandons controversial RDTI reforms

Posted on   |  by Denham Sadler
Highly controversial reforms to the research and development tax incentive have been officially scrapped in a “huge win” for the tech sector, with the federal government backing down from...

Another review of the R&D tax scheme

Posted on   |  by Denham Sadler
The government has launched another review of the research and development tax incentive, this time looking at improving “customer experience” and the controversial compliance activities. The department is now...

Clinical trials at risk due to RDTI cuts

Posted on   |  by Denham Sadler
Australia risks losing its competitive advantage in clinical trials and seeing companies move operations elsewhere if government goes ahead with its planned changes to the research and development tax...