ATO issues its first R&D tax incentive transparency report

The report also reiterates the ATO’s continued focus on ensuring the integrity of the R&D tax incentive program, as detailed by Mukul Relan, Marko Trifunovski, Georgia King-Siem, Laurens Visscher and Melissa Bader.

On Wednesday 3 October 2024, the ATO published its first annual Research and development tax incentive – transparency report, which provides insights on the R&D expenditure incurred by companies in the 2021-22 income year. The report was also accompanied with the release of a large raw data set, which sets out the names (including ABNs and ACNs) of 11,545 entities that incurred R&D expenditure in the 2021-22 income year. The ATO is legally required to publish these reports and certain...

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Authors: Mukul Relan, Marko Trifunovski,

Published Date: 04 October 2024