Ausindustry have released a number of new sector guides for the R&D tax Incentive.
New industry sector guides
Here are the sector guides that have been updated:
- Agrifood
- Biotechnology
- Built Environment
- Energy
- ICT
- Manufacturing
Click here to review the new guides
Four Specific Issue Guidance products that supplement some of the sector guides have also been released. This guidance is important reading for companies and their tax advisors that are assessing activities for eligibility in these industry sectors:
- Getting software development R&D Tax Incentive claims right
- Getting building and construction R&D Tax Incentive claims right
- Getting mining R&D Tax Incentive claims right
- Getting farming R&D Tax Incentive claims right
The new editions of the sector guides seek to clarify areas where some registrations under the programme have been found to be ineligible.
The new Advance/Overseas Finding form is now available
The R&D Tax Incentive Advance/Overseas Finding form has been redesigned and is now accessible via the R&D Tax Incentive page.
The improved application form enhances the customer experience and addresses concerns that were raised in relation to the previous form. The design and workflow of the new form better guides applicants to provide specific information on their R&D activities. The form also provides additional help to better comply with the requirements, tests and conditions in the legislation and to consider previous decisions, including those arising from Administrative Appeals Tribunal (AAT) cases.
Access the new Advance/Overseas Finding form now.
For Expert Advice about what you can claim and preparing your R&D Tax registration call us now on 03 9008 5937 or 02 8378 2520.
Click here to find out if you are eligible to claim your R&D Tax Incentive.
