The Federal Government has introduced Tax and Superannuation Laws Amendment (2015 Measures No. 3) Bill 2015 which legislates cuts in the R&D Tax Incentive Offset rates of 1.5%, applying to income tax years that commence on or after 1 July 2014. As a result, the Refundable R&D Tax Offset rate falls from 45% to 43.5%. The Non-Refundable R&D Tax Offset rate…
The Treasurer has entreated all Australians to get behind his “Have A Go” Federal Budget but there wasn’t much by way of news in the area of innovation support. It could be concluded that the Federal Government is coming over all coy about innovation, given the small number of news stories contained in the detailed announcements. Some Good News The…
MJA updates keep you informed on how government
decisions will effect your business. This is a must if you
want to know the latest on business and company
insights without having to read and decipher
complicated law and tax manuscripts.