From 1st July 2011, the Australian Government’s R&D Tax Incentive replaced the previous R&D Tax Concession.
In the 2009 budget, the government announced that it intended to introduce a new R&D tax offset to replace the existing 125% R&D Tax Concession and rebate offset, the 175% premium concession and the 175% international concession. This legislation was passed by the Senate in August 2011, with the R&D Tax Incentive commencing from 1 July 2011
The R&D Tax Incentive is jointly administered by AusIndustry (on behalf of Innovation Australia) and the Australian Taxation Office (ATO).
MJA can help you obtain optimal benefits from the new R&D Tax Incentive, and satisfy the associated compliance requirements. read more
It’s been some time since we’ve been in contact so it’s nice to talk to you. We’ve all been patiently waiting for the Federal Government’s response to the ‘Triple F’ Review of the R&D Tax...read more
The recent release of a series of ATO Taxpayer Alerts with respect to the R&D Tax Incentive (the Incentive) (including a revised version of the software development alert published last...read more