The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, is recommending a suite of reforms to the administration of the R&D Tax Incentive (the Incentive), as part of a comprehensive report released last week. The release of the report comes hot on the heels of the introduction of the Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 The report makes 24…
The Federal Government has introduced the Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 [https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;page=0;query=BillId:r6473%20Recstruct:billhome] into Parliament today. The Bill seeks to introduce amendments to the R&D Tax Incentive (the Incentive) effective from 1 July 2019. It is almost identical to the Bill that was unanimously sent back to the Government by the Senate Economics Legislation Committee (SELC)…
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