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MJA Updates
R&D Tax Incentive: The Debate Around The Merits Of The $100 Million Cap
The recent introduction of the $100 million R&D expenditure cap on R&D Tax Incentive (Incentive) claims as a result of the PUP Amendment to the The Tax Laws Amendment (Research and Development) Bill 2013 has been received with a degree of genuine surprise. The fact that the measure was pushed through without public consultation, without apparent costings and without a clear administrative process (as…Getting your first “cap”. The R&D Tax Incentive: The $100 million expenditure cap and what it means.
With the 2015 Cricket World Cup underway, several players are enjoying the fact that they have received their first World Cup “cap”. It’s a time for personal and national pride and for celebration by family and friends. We’re not sure that the R&D Tax Incentive (the Incentive) has cause for a similar-style celebration in the wake of receiving its first…R&D Tax Incentive – What’s In This Year’s Easter Basket?
After this morning's excitement in Canberra, it is probably fair to assume it will be back to business as usual. And on the first day of the Senate, our old friend, the Tax Laws Amendment (Research and Development) Bill 2013 is listed as Number 5 in the order of business. One thing that can be said about the ongoing saga…Targeting Access Bill Passed in Senate
Late yesterday the Senate passed the Tax Laws Amendment (Research and Development) Bill 2013, with a PUP amendment giving effect to a reduced tax offset for expenditure in excess of $100 million, to be applied retrospectively from income years commencing after 1 July 2014. A proposed Greens amendment to introduce quarterly credits failed to pass, as did a Labor Party…Keep informed
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