Changes to the tax incentive should encourage genuine R&D activity, maintain appropriate integrity safeguards and ensure support is directed to businesses undertaking long-term investment in innovation.
KPMG welcomes the introduction of the Innovative Business CGT Concession as a means of encouraging early investment in innovative activity.
The changes reflect extensive industry consultation, including almost 2,000 submissions received from founders, investors and representative bodies.
The draft legislation closely mirrors the 2026 Budget measures, which intends to simplify the program, encourage higher-value R&D investment in Australia and moderate the program's fiscal cost, as highlighted by Georgia King-Siem.
The Queensland government maintains its “no new or increased taxes” approach in a 2026-27 Budget focussed on continued cost-of-living relief.
Changes to the foreign purchaser surcharge duty is framed as a housing-supply measure designed to attract overseas institutional capital to help finance additional rental housing and accommodation for older Australians
David P Sofra, Anthony Harmer, Nick Boland, Eli Christodoulou, and Simon Marial provide insights on the Federal Government’s recently announced fuel excise reduction and the implications for businesses claiming fuel tax credits.
The Federal Government’s exposure draft legislation to amend the R&D Tax Incentive excludes certain R&D activities from eligibility and will still enable companies to claim R&D for activities not covered by these exclusions.
The papers contain recommendations that would fundamentally change the R&D Tax Incentive (RDTI) if enacted, writes Georgia King-Siem.
KPMG Singapore Director Tam Do outlines what action jurisdictions in the Asia Pacific region are taking in relation to tax incentives.
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.
KPMG ASPAC Tax Policy Lead Conrad Turley, along with KPMG Singapore Director Tam Do and KPMG EU Tax Centre Director Marco Dietrich, discuss the design of tax incentives, compliance considerations and competitiveness factors in the Asia Pacific region, alongside parallel developments in Europe.
This KPMG New Zealand publication discusses the key accounting impacts and considerations on the tax incentive.
KPMG explores how Australia's tax system could be used to support and incentivise Individualised Living Arrangements for live-in carers.
The steady stream of regulator guidance products, changes to the R&D Tax Schedule and R&D Application, and the imminent release of the second ATO R&D Transparency report mean the tax incentive is a board-level discussion for those claiming it, writes Georgia King-Siem.
Sophie Turski, Georgia King-Siem, Amanda Tirtadinata and Ryan Kirby explore new industry incentives, highlighting the opportunities and nuances that Australian businesses and communities need to be aware of.
In this submission, KPMG provides insights on some of the underlying assumptions in the Federal Government’s discussion paper and considers how policies and practices can be aligned to effect meaningful change.
Under the Future Made in Australia policy, new legislation introduces a hydrogen production incentive and a critical minerals production tax incentive, as highlighted by Georgia King-Siem, Sophie Turski, Melissa Bader and Daniel McLindon.
This decision was insightful as it sets out a number of details found, by the Federal Court of Australia, to be a ‘tax exploitation scheme’, as detailed by Mukul Relan, David Vuong, Melissa Bader, and Georgia King-Siem.
ASIC launches new web pages to give stakeholders an understanding of its responsibility for regulating the new sustainability reporting regime.
KPMG’s report into gender equality in the workplace analyses why mothers and primary carers continue to face disincentives to work.
This webinar, to be held on Thursday 21 November, will review recent changes to legislation, emerging issues regarding superannuation and SMSFs, and what this means for planning for your retirement and succession.
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 and Melissa Bader.
The release of R&D tax claim information may be of interest to your industry peers and may lead some companies to review the nature of their activities and claims, as outlined by Georgia King-Siem and Craig Jack.
