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Joint Bodies submission | Certainty for the R&D Tax Incentive

Published on 09 Jun 20 by THE TAX INSTITUTE

We previously wrote to you on 7 April 2020 with our concerns in relation to current uncertainty surrounding the measures contained in Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 (R&D Bill). The relevant part has been extracted in the attached Appendix.

Delays to the progression of the R&D Bill have occurred as a result of the planned hearings for the inquiry into the R&D Bill run by the Senate Standing Committee on Economics (Committee) being postponed as a result of the COVID-19 pandemic. The Committee is now not scheduled to report until 7 August 2020.

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The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding. We are also committed to propelling members into the future and onto the global stage with the introduction of the Chartered Tax Adviser designation.
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