Published on 18 Oct 2013
| Took place at City West Receptions, Perth
There is not much that happens in Perth that doesn’t have some link to the Resources sector. This event was designed as an introduction to the tax issues facing companies in the Resources sector and covered the following topics:
mining and exploration terminology
income tax – core principles
income tax – dealings in mining and exploration titles
research and development
stamp duty and resources transactions
Get a 20% discount when you buy all the items from this event.
R&D tax incentive and compliance for the resource sector
Author(s): Steve ELIAS, Aaron NG
On the surface, the transition from the R&D Tax Concession to the R&D Tax Incentive appears to be superficial, but changes to the definition of eligible R&D activities have caused headaches for companies in the resources sector. This paper provides a resources focused overview of the R&D Tax Incentive, as well as tips and traps for companies lodging R&D Tax Incentive applications.
Topics covered include:
the changed definition of eligible R&D activities
issues relating to the eligibility of mining and minerals processing trials
the treatment of foreign-owned R&D
the requirements for advance and overseas findings
the impact of the wider feedstock expenditure provisions
the challenges associated with the new compliance regime.
This paper presents an overview of hot topics in employment tax with particular relevance to those in the mining and resources industry. It focuses on Fringe Benefits Tax issues, with a particular focus on LAFHAs and other issues pertinent to FIFO and DIDO workforces, employee share schemes and strategies used in the sector, and Employment Termination Payments.