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Review of the R&D Tax Incentive (December 2019)

On 12 December 2019, the Australian Small Business and Family Enterprise Ombudsman released the Review of the Research and Development Tax Incentive (R&DTI).

The review details a comprehensive investigation of the experiences of small and family businesses that have claimed the R&DTI. It recommends this important incentive be retained and a suite of reforms made to the way the system is administered.

The recommendations follow broad consultation with stakeholders including the businesses that accessed R&DTI, representatives from the agencies responsible for the program, the Tax Practitioner’s Board (TPB), R&D consultants, industry associations and academics in the field of innovation.

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Review of the R&D Tax Incentive

Media release - Ombudsman recommends sweeping changes to R&D Tax Incentive administration