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MJA Updates
The New R&D Tax Incentive: Refundable R&D Tax Offset – Some Value Trimming And A Fascinating Change
In yesterday’s MJA Update, we focused on the announced changes to the Non-Refundable R&D Tax Offset based on an R&D Intensity measure. The market in the past 48 hours has indicated strongly that these changes are not welcomed (once it was able to unravel the complex detail), particularly as the base rate of tax benefit offered (4%) sets a new world…The New R&D Tax Incentive: Non-Refundable R&D Tax Offset – The Winners (an elite few) and The Losers (everyone else)
All Budgets need to crack down on areas of concern to help pay for things like income tax cuts and the like. Reading last night’s Budget Papers, it seems like the three areas where the Federal Government needed to act were the age old enemies of illicit tobacco, cash-in-hand payments (ie. the Black Economy) and the R&D Tax Incentive (the…Budget Announces Changes To The R&D Tax Incentive: Things Just Got A Little More Complicated
The 2018 Budget has announced a series of changes to the R&D Tax Incentive that are intended to come into effect on 1 July 2018. In summary, the concern that some companies would be excluded from the program all together has not been realised. The changes see the R&D Tax Offset rates linked to matters such as prevailing company tax…The Proposed Intensity Measure for the Non-Refundable R&D Tax Offset: At The Risk Of Sounding Like A Broken Record…
Recent media reports suggest that next week's Federal Budget will introduce an intensity measure that will restrict access to the Non-Refundable R&D Tax Incentive to those company groups whose R&D intensity (group R&D expenditure divided by group total business expenses) exceeds a certain percentage. The figure mooted is 1%. There is no detail available around the proposal. The Triple F…Keep informed
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.