Insights

Keep your competitive edge sharp with the latest expert insights into the world of R&D Tax Incentives and Government Grants.

Federal Budget 2018/19 – Proposed changes to the R&D Tax Incentive
“Here is the carrot, now here is the stick”

Treasurer Scott Morrison has announced proposed changes to the R&D Tax Incentive program with effect for income years starting on or after 1 July 2018. In leading up to the Budget the Treasurer was quoted in saying that the Government needs to stop “writing blank cheques to everyone that has a good idea” and that we should not have a “tax incentive for business as usual” activities. The proposed measures are estimated to deliver a net gain to the budget of around $2 billion between 2018/19 and 2021/22 reflecting, as stated in the Budget Papers “lower than forecast claims”.

FIND OUT MORE
Innovation System report
Australian Innovation System Report highlights the value of R&D

Innovation is good for Australian SMEs, but policymakers need to do more to prioritise our digital future, and encourage investment in Research & Development, report finds.

FIND OUT MORE
MYEFO
Mid-year economic and fiscal outlook reveals incentive opportunity

The Federal Budget is on track to surplus in 2021, though R&D Tax Incentive payments are forecast to fall, MYEFO reveals.

FIND OUT MORE
Resources & Energy report
Resources and Energy report calls time on resources boom

Iron ore prices to fall, LNG exports to rise; Federal Resources minister Matt Canavan calls for more R&D and resources investment.

FIND OUT MORE
Prosperity through innovation report
Innovation and Science Australia (ISA) releases report: Australia 2030 - Prosperity through Innovation

Improve government support for R&D to reverse the decline in BERD and enhance financial support through the Export Market Development Grant program

FIND OUT MORE
Software and the R&D Tax Incentive
Updated R&D guidance material for companies considering the R&D tax incentive for software development.

Updated R&D guidance material has been released providing information for companies that are considering undertaking R&D involving software development. Also released is a guide to common errors made by software R&D claimants.

FIND OUT MORE
R&D Tax Incentive – rates of support
What is the benefit of claiming the R&D Tax Incentive in Australia?

What is the effective rate of support under the R&D Tax Incentive given the phased reduction in corporate tax rates and the lapsing of the Government’s proposed changes to R&D.

FIND OUT MORE