Startups and SMEs would be treated differently to large enterprises under changes to the R&D Tax Incentive proposed through the Strategic Examination of Research and Development.
Tax breaks would also be more closely targeted at all levels of the technology readiness spectrum, as the purpose of the offset shifts from broad-based support to novel and transformational R&D.
But new conditions and eligibility requirements on large enterprises and SMEs have also been proposed to ensure the more targeted focus and that efforts that align with national priorities.
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