New guidance available to support investment in research and development
Investing in research and development has just become easier with the release of refreshed R&D Tax Incentive (R&DTI) guidance yesterday
The guidance follows the Government’s investment of a further $2 billion into the incentive, which provides a tax offset to support Australian companies to undertake additional research and development activities.
The refreshed Guide to Interpretation offers straightforward and accessible advice for companies accessing the R&DTI, making it easier to find the information they need.
The Guide, refreshed in consultation with business and tax agents, features plain English, less duplication, and helpful diagrams and examples, together with content aligning with recent Federal Court and Administrative Appeals Tribunal (AAT) decisions.
