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MJA Updates

R&D Tax Incentive Reform: Draft Legislation Released

July 2, 2018 Melanie Reen

The Treasurer Scott Morrison and the Minister for Jobs and Innovation Michaelia Cash have just released draft legislation to implement the changes to the R&D Tax Incentive announced as part of the 2018–19 Federal Budget. In summary, the proposal is unchanged from Budget night, and the key features of this exposure draft are: Setting the tax offset for non-refundable claimants (> $20…

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