This MJA Update is an unusual one for us because we are asking you to consider what impact the Exposure Draft on the R&D Incentive changes could make to your business and we are asking you to make your views known as a matter of urgency. The recent release of the Consultation Paper, accompanying the draft legislation and Explanatory Materials…
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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