TAX ALERT - REVISIT R&D INCENTIVE PROPOSED CHANGES FOR 2019 YEAR
Introduction
During the delivery of the May 2018 Federal Budget, a number of changes to the Research & Development ("R&D") Tax Incentive scheme were announced.
These changes were made to encourage additional investment in R&D Projects, and will affect companies accessing the R&D Tax Incentive with income years commencing on or after 1 July 2018.
While the legislation to enact the changes is yet to be introduced to Parliament, given the 2019 tax year is well underway, we thought it may be useful to revisit the details of the announce changes.