From williambuck.com: The Research and Development Tax Incentive in Australia offers businesses a tax offset to encourage R&D activities, with rates varying based on aggregated turnover.… read more
From bdo.com.au: The R&D Tax Incentive supports innovation in the Australian agricultural sector by offering tax offsets for eligible R&D activities.
Companies must register their activities with AusIndustry by 30 April 2025 to claim these benefits.… read more
From www.pwc.com.au: Companies with a 30 June 2024 year end must register research and development (R&D) activities for the R&D tax incentive by 11:59pm AEST on 30 April 2025 through the Department of Industry, Science and Resources (DISR) portal.… read more
From www.aigroup.com.au: Access to research infrastructure significantly benefits small to medium enterprises in Australia by allowing them to conduct advanced research without substantial capital investment.… read more
From www.sciencedirect.com: (US context) A study has found that tax enforcement diminishes the effectiveness of R&D tax credits, with each dollar increase in IRS enforcement linked to a $2.64 reduction in credits.… read more
From williambuck.com: The 2025-2026 Federal Budget allocated $999 million to the ATO to enhance tax compliance activities, which could lead to increased audits for the R&D tax incentive affecting many Australian businesses.… read more
From bdo.com.au: The NSW Biosciences Fund, a $3.5 million competitive program, aims to support the commercialisation of innovative biological devices and systems by NSW-based businesses.… read more
From www.bdo.com.au: As the end of the 2025 financial year approaches, organisations must ensure their R&D documentation is thorough and their claims are made under the correct entity to comply with ATO guidelines.… read more
From www.rsm.global: CFOs can improve financial outcomes by effectively leveraging Australia’s Research & Development (R&D) Tax Incentive, a significant funding mechanism designed to support innovation across various industries.… read more
From allens.com.au: Investments are surging in Australia’s critical minerals market, highlighting the potential for a domestic mid-stream processing industry but the lack of IP registrations for technological developments is a concern.… read more
From bdo.com.au: Body by Michael Pty Ltd’s R&D activities for a health and wellbeing program and software application were scrutinised by Industry Innovation and Science Australia, revealing they didn’t qualify as R&D activities.… read more
From www.aumanufacturing.com.au: Australia’s R&D sector is in crisis, with investment dropping to 1.66% of GDP, significantly below the OECD average and the Labor government’s target of 3%.… read more
From www.proactiveinvestors.com.au: Imugene Ltd received an A$11.7 million research and development tax refund from the Australian Taxation Office, which includes A$514,093 in interest, as part of the government’s R&D tax incentive program.… read more
From www.pwc.com.au: In 2024, significant updates occurred regarding Australia’s Research and Development (R&D) tax incentive, including new guidance from AusIndustry and the ATO, which emphasized proper record-keeping for improvement in claim processing.… read more