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MJA Updates

AusIndustry Release R&D Tax Incentive Guidance

November 22, 2016 Kris Gale

AusIndustry has issued seven products to assist taxpayers and advisers in making claims under the R&D Tax Incentive.

There are four Specific Issue Guidance products for:

Agriculture –  Getting farming R&D Tax Incentive claims right
Building and Construction – Getting building and construction R&D Tax Incentive claims right
Mining – Getting mining R&D Tax Incentive claims right
Software Development – Getting software development R&D Tax Incentive claims right
Also there are three ‘Applying the Law’ products.

Mining – 2016/01 Mining projects to extract minerals
Agriculture – 2016/03 ‘Whole of farm’ claim
Agriculture – 2016/02 No new knowledge – agriculture
You can access the new guidance via the link – https://www.business.gov.au/assistance/research-and-development-tax-incentive/help-to-self-assess-my-eligibility-and-register-my-activities

Keep an eye out for an MJA Update shortly where we will provide feedback on the content of the released material.

In the meantime, should you wish to discuss this matter further, please do not hesitate to contact Kris Gale on 02 9810 7211 or email kris.gale@mjassociates.com.au

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