by Michaela.fegyesova@savingpoint.com.au | Aug 20, 2019 | Uncategorized
From the AusIndustry Programs Section: On 24 August 2011, the bills to establish the new R&D Tax Credit were passed by Parliament. The final step in the legislative process is Royal Assent by the Governor-General. On 2 September 2011, Innovation Minister, Senator...
by Michaela.fegyesova@savingpoint.com.au | Aug 20, 2019 | Uncategorized
R&D Tax Concession 1986 till 2011 “From 150% down to 125% in benefits; offsets to smaller loss-making companies; additional 175% incremental R&D spend; and the short-lived international premium”. Productivity Commission Report – March 2007 A copy of the report...
by Michaela.fegyesova@savingpoint.com.au | Aug 16, 2019 | ATO, AusIndustry, R&D Tax Credit, R&D Tax Incentive
AusIndustry, in conjunction with the ATO, has released guidance material for the ICT sector that includes case studies relating to the following type of developments: new algorithm to analyse large data sets; cloud computing in a manufacturing environment; software...
by Michaela.fegyesova@savingpoint.com.au | Aug 15, 2019 | R&D Tax Incentive
1. Is the corporate structure appropriate? Only incorporated entities are eligible to claim the R&D Tax Incentive. However, if a company is controlled by a non-eligible entity such as a trust, then it will only be able to claim the 38.5% non-refundable tax offset,...
