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The new R&D tax concession paper

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.

Author profiles:

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 Click here to expand/collapse more articles by David GELB.
 
Paul Van Bergen ATI
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 Click here to expand/collapse more articles by Paul VAN BERGEN.

This was presented at 24th National Convention 2009.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Justice Hill Memorial Lecture - Statutory interpretation

Author(s):  Murray GLEESON

Materials from this session:










The new R&D tax concession

Author(s):  David GELB,  Paul VAN BERGEN

Materials from this session:










Transfer Pricing: Applying the arm’s length principle in a world without comparables

Author(s):  Marc SIMPSON

Materials from this session:


Long live the goose - Recent cases dealing with tax concession charities

Author(s):  Jennifer BATROUNEY

Materials from this session:

Further details about this event:

 

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