ATO releases 2022–23 R&D transparency report, but interpretation caution required

The latest report finds 12,956 companies invested $16.2 billion in R&D in 2022–23 which reflects the value of the R&D Tax Incentive. Whilst these reports provide valuable insights, they also have their limitations, writes Georgia King-Siem.

The Australian Taxation Office (ATO), on 25 September, released its second annual research and development (R&D) tax transparency report. These reports are part of the ATO’s tax transparency initiative and for R&D Tax, are released at least two years after the end of the relevant claim year (i.e. this latest report covers income years ending on or before 30 June 2023). The data report comprises of: Company name; ABN/ACN; total R&D expenditure (less feedstock adjustments); tota...

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Authors: Georgia King-Siem

Published Date: 29 September 2025