Published on 12 Mar 09
by NATIONAL DIVISION, THE TAX INSTITUTE
Australia’s R&D tax concession system is undergoing its most profound changes since its introduction in 1985. The Review of the National Innovation System proposes a tax credit system with additional incentives for companies with turnover under $50 million. New rules and definitions will impact all companies involved in product development, process improvement and innovation generally. This paper explains the changes and identifies strategies for companies to manage this transition and participate in the new R&D tax credit system including:
key changes by the new Government
practical implications of those changes to business
R&D compliance issues
recent R&D developments (ATO and AusIndustry rulings)
transitional arrangements and planning issues.
David Gelb ATI
David is the National Partner in charge of KPMG Australia’s R&D practice. David specialises in the R&D tax concession and other government incentives for R&D and
innovation. David is the Chairperson of The Tax Institute’s R&D Group and regularly meets with senior members of AusIndustry
and the Australian Taxation Office. David was closely involved with the R&D tax concession review component of the 2008 National Innovation System Review. He is also on the Executive of KPMG’s Global R&D Network. Current at 16 November 2012
Paul heads KPMG Sydney’s R&D Incentives Group and is responsible for the R&D claims of a broad range
of clients including those involved in manufacturing and process intensive activities. Paul has over 20 years’
experience in R&D Tax Concession claims. He specialises in integrating R&D tax compliance requirements
into client’s planning procedures to ensure real-time capturing of the information necessary for robust R&D
tax claims. Current at 12 September 2011
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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