Published on 17 Oct 12
by NATIONAL DIVISION, THE TAX INSTITUTE
The new R&D tax incentive is upon us. There are winners and losers but it is still not clear who’s who. This paper maps out the main changes from the old R&D tax concession so you can determine where claims now lie.
Topics covered include:
- the changed definition of eligible R&D activities
- issues relating to the eligibility of mining and minerals processing trials
- the problems for resources claims created by the explanatory memorandum
- 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.
Kris is Chairman of Michael Johnson Associates Pty Ltd (MJA). He joined MJA as a consultant in 1987 and became a Partner in 1989. Kris’s 28 years of experience in providing advice on government programs that support innovation makes him one of the most experienced people in the area. Kris is a founding member of the federal government’s R&D Tax Incentive National Reference Group.
- Current at
02 June 2015