Tag: research and development tax incentive

Less than 3 per cent of RDTI claims checked

Posted on   |  by Joseph Brookes
Only a tiny fraction of the 14,000 claims for innovation tax incentives last year were fully audited, the Senate heard on Wednesday, amid concerns about rorting and “pathetic” penalties....

Make AUKUS Pillar II a nation-builder, says BCA, AmCham

Posted on   |  by David Allen
The federal government must better engage the private sector, hasten new funding options and create advanced technology research environments to link the AUKUS Pillar II program with national innovation,...

Gambling firms lobby for return to R&D tax breaks

Posted on   |  by Joseph Brookes
The gambling lobby is demanding firms like Sportsbet and bet365 be eligible for Australia’s innovation tax breaks again, six months after the companies were locked out by the Albanese...

R&D tax incentive payments to fall by $650 million

Posted on   |  by Justin Hendry
After a meteoric rise in tax breaks for companies undertaking research and development in Australia, payments are set to fall by almost $650 million over the next five years....

Gambling, tobacco firms booted from R&D Tax Incentive

Posted on   |  by Joseph Brookes
Gambling and tobacco firms will be excluded from the Research and Development Tax Incentive from next year, after transparency data laid bare tens of millions of dollars in claims...

RDTI growth outpaced Industry dept projections by $860m

Posted on   |  by Brandon How
The value of Australia’s research and development tax incentive exceeded Industry department estimates by almost $860 million last financial year as companies flocked to the scheme for relief amid...

New R&D tax ruling ‘unwinds 40 years of convention’

Posted on   |  by Denham Sadler
A new ruling allowing the tax office to assess the eligibility of activities under the research and development tax incentive (RDTI) has “muddied the waters” of the scheme and...