• Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 11/15/2013

Australia - R&D tax incentive claims 

November 15: The KPMG member firm in Australia prepared reports on the following developments (read the November 2013 reports by clicking on the hyperlinks provided below):
  • R&D tax incentive claims must survive ATO scrutiny - In its Manufacturing Industry Strategy 2013-2014, the Australian Taxation Office (ATO) highlighted research and development (R&D) claims as one of its key risks for the manufacturing sector. The ATO will regularly review manufacturing companies’ R&D tax schedules to detect any emerging trends in R&D tax incentive claims.

    Read a November 2013 report

  • R&D tax incentive interaction where grants received - Many government grants programs encourage companies to incur expenditure on new facilities, services, or other initiatives. When companies aim to create new or improved products, processes, or services and develop technology to do so, they might also make a claim under the research and developments (R&D) tax incentive. A project manager may overlook a claim for the R&D incentive, perceiving that grants clawback wipes out any tax saving. While this is often true, examination of the terms of the grant often results in some tax saving.

    Read a November 2013 report

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