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MJA Updates

Just in time for Spring….

August 27, 2020 Kris Gale

Spring is just around the corner, and even the Department of Industry, Science, Energy & Resources (the Department) has been doing some spring cleaning. The Department has just released its “refreshed” version of the principal guidance product for the R&D Tax Incentive program, namely the Guide to Interpretation. To view this refreshed Guide, please click here. The Department is seeking feedback on…

Senate Committee Report Delayed till Post-Budget

August 24, 2020 Melanie Reen

In February 2020, the Senate referred the provisions of the Treasury Laws Amendment (Research and Development Tax Incentive) Bill (the Bill) 2019 to the Economics Legislation Committee for inquiry and report by 30 April 2020. This was then extended to 7 August,and then to24 August, presumably due to the restrictions imposed by Covid 19. On Friday 21 August 2020, the Senate…

The R&D Tax Incentive – How To Take Some Of The Anxiety Away

August 16, 2020 Kris Gale

Followers of the MJA Update will be all too keenly aware of the uncertainties associated with the outstanding Bill that cuts the value of the R&D Tax Incentive (the Incentive). The Bill pares back value for the Refundable R&D Tax Offset and slashes support for the vast majority of Non-Refundable Offset claimants off the back of a questionable R&D intensity premium measure.…

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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.

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