R&D Tax Incentive –
Review of the dual-agency administration model
The R&D Tax Incentive (R&DTI) program is a self-assessment program that provides tax offsets for eligible company R&D expenditure. It is jointly administered by the Australian Taxation Office (ATO), Industry Innovation and Science Australia (IISA) and the Department of Industry, Science, Energy and Resources (DISER), with the ATO being responsible for the administration and processing of R&D tax offset claims, and IISA responsible for registering companies' R&D activities.
The Board of Taxation (Board) has been requested to evaluate the R&DTI dual agency administration model, with a view to identifying opportunities to reduce duplication between the two administrators, simplify administrative processes, or otherwise reduce the compliance costs for applicants. The Board may make recommendations to modify the R&DTI’s administrative model or to streamline existing administrative functions or processes.
Submissions are due by September 15, 2021 and information about the review and how to make a submission can be located here.
If you are an Ai Group member that would like to discuss views on the R&DTI further, please contact Rachael Wilkinson.