The government announced that the new R&D Tax Credit will start operating from July 1, 2011 following the Australian Greens support for the program. As a further incentive for the SME sector to increase its expenditure on innovative activities, companies with a turnover of less than $20 million and in a tax loss position will be able to cash out the benefit on a quarterly basis from January 1, 2014.
Unveiling the Latest Trends in Australian Government Incentives
A Roadmap to Success In the ever-evolving landscape of government incentives in Australia, staying ahead of the curve...