As part of the largest overhaul of the R&D Tax Incentive (RDTI) since its introduction in 2011, the Industry Innovation and Science Australia Board (the Board) was recently given the ability to provide improved advice on when activities are (or are not) eligible R&D activities. The 2020/21 Budget enabled the Board to provide Determinations on how its powers and responsibilities…
Since the announcement in the October 2020 Budget that the R&D Tax Incentive (RDTI) cuts were not going through, the attention has turned to the thorny issue of the eligibility of software R&D. Many commentators are pushing for the introduction of a separate tax concession program for software R&D in certain circumstances. MJA Director, Ian Ross-Gowan, reflects on the wisdom…
It has to be said that it’s been a tough couple of years for the R&D Tax Incentive (the Incentive). For what is meant to be available to the market as a planning tool, it’s taken a number of hits that have seen the program being regarded as anything but stable and certain including: The introduction of the $100 million…
Parliament has survived its first week back with a new speaker and a strong focus on the calls for marriage equality. In the background, the Senate has not considered the re-tabled proposal to reduce the R&D tax incentive benefit; a further cut to the program following the introduction of the $100 million expenditure cap. However, unlike the cap, this reduction will affect…
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